Former BMG Head Zach Katz Launches Music and Tech Investment Group With Scooter Braun's Ithaca Holdings

The intersection of the music and technology industries particularly intrigues Katz, who sees great opportunities to further merge the two. “I could never really understand why so many people in the music industry were reluctant to engage with technology when technology, time after time, would come with new ideas and solutions that ultimately boosted the strength of creative people and gave the consumer a much more enriching experience,” he says. “I didn’t really see anyone in the world who was sitting between these two industries and taking these two kids by the hand, so to speak, and walking them to the sandbox and taking responsibility to make sure that they were more aligned than they were different and if they could come together there were victories to be had.”

Braun, best known for managing Justin Bieber and Ariana Grande, but also for his savvy investments in start-ups, said in a statement, “The relationship between music and tech has massive untapped potential.  I’m excited to launch a company focused on bridging these two industries in a transformative and actionable manner that raises the value of music.”

While Katz would not reveal the size of Raised in Space’s coffers, he says, “We plan to make six-to-10 very well thought-out investments per year in the range of $500,000 to $5 million and we are completely prepared financially to do that for the next five years or more.” He also would not divulge what percentage Raised in Space would take of the companies in which it invests.

Raised in Space has already looked at “dozens and dozens of companies” to potentially invest in over the last few weeks, Katz says, adding,  “We’re also looking at companies that aren’t even focusing their technology on music. My team and I will look at each other and go, ‘Whoa! That could be incredible in the music industry,’ so our scope isn’t narrowed just to companies who are creating products for music; it’s companies that have incredible technology that can fit into music powerfully.”

As far as the unique company name, it comes from Katz’s desire to align with innovative, forward thinkers. “The world is divided into two halves. One half of the population is still held down by the gravitational pull of old school thinking and procedures,” he says. “Then you meet those people where they look at the world  differently. They collaborate and innovate differently. Those people are just not from this planet. Those people are raised in space and that’s where [the name] comes from. It speaks to that population of guys and girls who are building the future, who aren’t willing to be part of the old conversation.”