Believe Digital, a Paris, France-based digital distributor and label services provider for artists & labels worldwide, raised $60m in funding.
Backers included Technology Crossover Ventures (TCV), XAnge, GP Bullhound Sidecar, and Ventech. In conjunction with the funding, TCV General Partner John Rosenberg will join Believe Digital’s Board of Directors.
The company intends to use the funds to hire music, digital marketing and technology talents and explore targeted acquisition opportunities with companies that share its vision and goal.
Created in 2005 by CEO Denis Ladegaillerie, Believe Digital is an independent digital distributor and services provider for artists & labels worldwide. Its suite of services features a full digital music and video distribution, digital marketing and promotion services, synchronization and neighboring rights management, full label services, including in-house record label Believe Recordings, and complete DIY services with TuneCore.
The company has over 300 employees in 30 offices around the world.
Clients include such companies as World Circuit, Nettwerk Records, Planet Records, Green United Music, One Little Indian, Hospital Records, Xtra Mile Recordings and Southern Record Distribution. Believe also works with artists including Chinese Man, James Vincent McMorrow, Breton, Gavin James, The 2 Bears, Public Service Broadcasting, Queen, Monty Python, Deep Purple and many others.