Parola, a NYC-based collaborative music platform, raised $2m in seed funding.
The private angel investments were led by Michael Cohen (partner at Capital International), Yanki Margalit (founder of Innodo, Ex-Aladdin (NASDAQ: ALDN) founder, Chairman & CEO) and Miki Tunis (Senior VP at The Orchard, a Sony Music Entertainment holding).
Led by Ido Ariely, CEO, Parola provides a collaborative music platform that enables everyone to create, explore and discover music. The underlying patented technology enables everyone to collaborate, record and remix separate tracks of songs in the music catalog.
Users worldwide can create a song together by adding vocals and instruments to classic hits, as well as collaborating on new tracks using their iOS device.