What is Audoo?
Audoo operates as a sophisticated music royalties management platform designed to bridge the gap between public performance data and accurate royalty payments. By leveraging proprietary hardware and software solutions, the company provides real-time, granular insights into music played in public spaces. This data-driven approach addresses long-standing inefficiencies in the music industry, ensuring that artists and rights holders receive equitable compensation for their work. As a key player in the music tech landscape, Audoo's platform serves as a vital tool for enhancing transparency and operational efficiency in the complex world of intellectual property management.
How much funding has Audoo raised?
Audoo has raised a total of $23.3M across 4 funding rounds:
Angel/Seed
$1.9M
Series A
$6.9M
Other Financing Round
$9.5M
Other Financing Round
$5M
Angel/Seed (2020): $1.9M with participation from Tileyard London
Series A (2020): $6.9M led by Björn Ulvaeus, Tileyard London, and Edinv
Other Financing Round (2021): $9.5M supported by MPL Ventures, Edinv, and Tileyard London
Other Financing Round (2023): $5M featuring David Furnish and Elton John
Key Investors in Audoo
Tileyard London
A prominent creative hub and investment entity based in London that supports early-stage music and media ventures.
MPL Ventures
The investment arm associated with Paul McCartney's music publishing and media interests, focusing on strategic opportunities within the music industry.
Edinv
A specialized investment firm that provides capital and strategic guidance to high-growth technology companies within the creative and media sectors.
What's next for Audoo?
With the infusion of $5M, Audoo is well-positioned to accelerate its international expansion and enhance its technological infrastructure. The company's strategic focus will likely center on scaling its data collection capabilities and deepening its integration with global performance rights organizations. By prioritizing technological scalability and market penetration, Audoo aims to set a new standard for accuracy in the music royalty sector. As the industry continues to demand greater accountability, Audoo's role as a neutral, data-centric intermediary will be pivotal in shaping the future of royalty distribution and creator compensation models.
See full Audoo company page
