Qobuz, a Paris, France-based Hi-Res music streaming and download service, raised €10m in funding.
The company intends to use the funds to expand internationally, strengthen its managerial organization with the establishment of new management and launch a vast recruitment plan.
Founded in 2007 and led by Denis Thébaud, Chairman and CEO, Qobuz is a music streaming and download service for music lovers and audiophiles. It offers a range of exclusive editorial content written by a team of experts. The service, which has a catalog of more than 60 million titles, is now accessible in 12 countries including the US, where it opened in 2019, France, where the company began in 2007, as well as the UK, Ireland, Germany, Austria, Belgium, Switzerland, Luxembourg, the Netherlands, Spain, and Italy.
To support this development, Qobuz is setting up a new management team and launching a recruitment plan that is unprecedented in the company’s history. Internationally, for Qobuz’ Paris HQ, Georges Fornay, the executive behind the development and success of the PlayStation in French and Swiss territories, has been appointed Deputy CEO. At his side, Céline Gallon joins Qobuz as Chief People Officer. Finally, Raphaël Awóṣéyìn, who has held the position of Head of Quality Assurance within Qobuz for over a year, is appointed Chief Customer Officer. On the US side, music veteran Rachel Silton has joined as Acquisition and Marketing Manager.