100 Milligrams Holdings AB (Pacemaker) has successfully raised $1 million USD in a seed investment round led by Spintop Ventures and U.S.-based investors to enhance its innovative music technology platform.
Target Information
100 Milligrams Holdings AB, known as Pacemaker, is a Stockholm-based music technology company that has recently secured a $1 million USD seed investment round. This funding was primarily led by Spintop Ventures along with U.S.-based venture capital firms Plus Eight Equity Fund LP and Capital A Partners (CAP A). Pacemaker is revolutionizing the music consumption landscape through its innovative AI-powered platform, which allows users to create high-quality mixtapes.
Pacemaker is often referred to as the 'Instagram of Music' and is currently integrated with Spotify, with plans to extend support to additional streaming services. The company's unique proprietary format, known as the Recipe, enables users to craft mixtapes by combining tracks in a professional manner. Each Recipe captures the metadata for assembling tracks, offering a legal method to share mixtapes without infringing upon copyright laws, thus ensuring that artists are fairly compensated.
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Industry Overview
The music technology industry, particularly in Sweden, is experiencing significant growth due to the increasing popularity of music streaming platforms. Many consumers are now favoring on-demand access to m
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100 Milligrams Holdings AB (Pacemaker)
in 2016
in a Seed Stage deal
Disclosed details
Transaction Size: $1M