BandLab, the Singapore-based parent company of flagship social music creation platform BandLab, has announced the addition of USD $25M in a new round of Series B1 financing, at a $425M post-money valuation.
The round was led by existing investor Cercano Management with participation from Prosus Ventures.
The company intends to use the funds to further grow its workforce and double down on emerging creator campaigns, and enhance supporting services such as music education platform BandLab for Education and other similar initiatives.
Led by CEO Meng Ru Kuok, BandLab provides a platform that empowers aspiring music creators around the world to create, collaborate, and share their music online with a focus on emerging artist discovery, community, and fandom.
BandLab is the flagship product of BandLab Technologies, which also includes professional-level digital audio workstation, Cakewalk, beat marketplace, Airbit, and artist services platform, ReverbNation.
FinSMEs
23/05/2023