Auddly, a Stockholm, Sweden-based song project management platform, raised SEK 20m in venture capital funding.
Backers included ABBA star Bjorn Ulvaeus, music producer Max Martin, Avicii-manager Ash Pour Nouri and vc firm Almi Invest.
The company will use the funds for the further development and marketing of the product.
Led by Niclas Molinder, Auddly provides a digital platform and mobile app where songwriters, producers and artists can self-manage their songs, collaborations and music rights. It allows users to keep track of songs from inception to release. In Auddly, each song has its own virtual room, where they can organize and share ideas and files, communicate with collaborators, publishers and labels, and control music rights.