A Luxembourg platform helping investors to buy shares in the work of promising artists, has upgraded its user interface after recording 550% growth in 2021.
ANote Music, which was launched in 2020, announced a major platform upgrade on 21 February, making the tool’s functions and site’s navigation more ergonomic and intuitive for users. The improvements come after an epic second year of operations for the tech startup, which recorded 550% growth in 2021.
CEO, Marzio F. Schena, said: “ANote’s performance in the 18 months since launching has well surpassed our financial targets, while also exceeding account registration forecasts.”
ANote hopes to recruit a broader base of investors to its platform, which is built in the blockchain system and offers “a bridge between the music industry and the capital markets.”
Tapping Into Crypto
By selling music rights, artists, record labels and publishers are able to access a new way of financing. At the same time, investors can explore this potentially lucrative segment by owning shares in promising artists and getting a return on their royalties.
ANote reported a 67% customer return rate in 2021. And, since the redesign, investors will also be able to bid and invest in cryptocurrency, and benefit from portfolio data tools, advanced genre filters and perks like referral programme rewards.
ANote’s platform has adopted advanced genre filtering and portfolio data tools. The firm says that the platform helped raise over €6.5m since it first launched, a sum which it credits to its “expanding investor base and reputable catalogue”.
Its repertoire now counts some 110,500 songs from more than 100 artists, including high profile names, like Avicii, Avril Lavigne, The Beach Boys and Drake.
Founded in 2018, by Marzio F. Schena, Matteo Cernuschi, and Grégoire Mathonet, the firm is located at Le Village by CA. ANote Music has raised a total of €1.5m through private funding, equity funding and specific programs in Luxembourg, such as Fit 4 Start. The firm is currently working on its next investment round.
