Groover's $8M Series A Funding: A Musical Journey to Success
February 21, 2024, 10:00 am
Groover, a Paris-based music promotion platform, hit the right notes with an $8 million Series A funding round. Led by OneRagtime, Trind, Techmind, and MozzaAngels, the investment symphony also featured Partech, Bpifrance’s Tech & Touch fund, Verve Ventures, and Frenchfounders. The company plans to harmonize its services and expand its reach in North America, Europe, and Latin America.
Founded in 2018 by Dorian Perron, Rafael Cohen, and Romain Palmieri, Groover is a conductor of connections between independent artists and industry influencers. With nearly 350,000 artists from 180 countries and over 4 million reviews, Groover is tuning up for success. The platform's new services, Groover Club and Groover Obsessions, promise to hit all the right chords for artists seeking career development and visibility.
Trind Ventures, a key investor in Groover, sees the company as a rising star in the music industry constellation. With a focus on European software startups, Trind Ventures believes in Groover's potential to become a key player in the new music industry landscape. The investment round also saw support from other backers, highlighting the industry's confidence in Groover's innovative approach.
Groover's melody of success extends beyond its home market, with 80% of revenues coming from international sources. The company's strategic focus on foreign markets, especially the US, sets the stage for continued growth and expansion. OneRagtime's CEO, Stéphanie Hospital, sees Groover as a trailblazer in connecting artists with industry professionals, paving the way for a new era of music promotion.
As Groover hits the high notes of success with its Series A funding, the company is poised to compose a new chapter in the music industry's playbook. With a global vision and innovative services, Groover is set to become a symphony of success for independent artists worldwide.
Founded in 2018 by Dorian Perron, Rafael Cohen, and Romain Palmieri, Groover is a conductor of connections between independent artists and industry influencers. With nearly 350,000 artists from 180 countries and over 4 million reviews, Groover is tuning up for success. The platform's new services, Groover Club and Groover Obsessions, promise to hit all the right chords for artists seeking career development and visibility.
Trind Ventures, a key investor in Groover, sees the company as a rising star in the music industry constellation. With a focus on European software startups, Trind Ventures believes in Groover's potential to become a key player in the new music industry landscape. The investment round also saw support from other backers, highlighting the industry's confidence in Groover's innovative approach.
Groover's melody of success extends beyond its home market, with 80% of revenues coming from international sources. The company's strategic focus on foreign markets, especially the US, sets the stage for continued growth and expansion. OneRagtime's CEO, Stéphanie Hospital, sees Groover as a trailblazer in connecting artists with industry professionals, paving the way for a new era of music promotion.
As Groover hits the high notes of success with its Series A funding, the company is poised to compose a new chapter in the music industry's playbook. With a global vision and innovative services, Groover is set to become a symphony of success for independent artists worldwide.