Music Tech Investment Firm DBTH Capital Raises $38.6M
DBTH Capital Ventures, a new firm focused on investments in music rights technology, has raised €35 million ($38.6 million) in an initial funding round.
DBTH Capital Ventures, a new firm focused on investments in music rights technology, has raised €35 million ($38.6 million) in an initial funding round.
The London-based firm will invest in companies with a focus on entertainment rights, including businesses in blockchain and AI, and form strategic partnerships with music ecosystem stakeholders from labels to managers and streaming platforms. It was launched in July 2018 by longtime music executive Virginie Berger, who formerly served as CEO of music licensing platform Armonia Online.
“Happy to announce that my VC Fund, DBTH Capital has raised €35 million in a first close of its first fund,” Berger wrote in a post on LinkedIn. “The firm had raised that amount from 9 investors and the plan is to raise more than that amount.”
The investors are unnamed. She goes on to reveal that the fund is merging with a U.S. family office “which has nearly $5bn in assets under its control.”
Berger is also the co-founder of new nonprofit WeAreMusicTech, which aims to foster collaboration in the music tech space.
More From Pro
