Nettwerk Music Group Inc., a Vancouver, Canada-based independent music company that offers a unified suite of management, marketing and publishing services, raised $10.25m in equity growth financing.
Backers included HBC Investments, existing shareholders Beedie Capital Partners and founding partners Terry McBride, Ric Arboit, Dan Fraser and Mark Jowett.
The company intends to use funds to invest in new and existing artists and acquire catalog music rights.
Established in 1984 and led by Terry McBride, CEO, Nettwerk Music Group is the umbrella company for Nettwerk Records, Nettwerk Management, Nettwerk Producer Management and Nettwerk One Publishing.
The company, which has offices in Los Angeles, New York City, Boston, London and Hamburg, has worked with Sarah McLachlan, Coldplay, fun., Old Crow Medicine Show, Morgan Page, Passenger, Family of the Year and Wanting, as well as producers and mixers like Chris Lord-Alge, Ron Aniello, Howard Benson and Bob Clearmountain.