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Soundreef S.p.A., an Italian music royalties administration company, is to accession €3.5m in funding.

The allotment will be provided by absolute investors.

The aggregation intends to use the funds to abide to aggrandize its development efforts.

Led by CEO Davide d’Atri, Soundreef S.p.A. develops the technology and the agreeable administration belvedere acclimated by Soundreef ltd to audit, aggregate and aerate royalties for music authors and publishers. The aggregation action billions of affairs with a focus to advance abstracts aegis and ability in the music industry.It is backed by advance companies VAM Investments S.p.A. and LVenture Group S.p.A.

Soundreef Ltd, Soundreef S.p.A.’s subsisdiary, is an Independent Administration Entity (EU Directive 2014/26/EU) listed in the Intellectual Property Office in the United Kingdom and that can accomplish throughout Europe. Business users such as radio and tv broadcasters, agenda account providers, alive accident organisers, theatres and cinemas, business establishments and music labels can access a binding authorization for the use of agreeable works managed by Soundreef.

Soundreef S.p.A. additionally manages Soundreef Media Account S.r.l., a aggregation which provides ambient complete and music for ample retail outlets, as able-bodied as Soundreef CZ s.r.o., which is an Independent Administration Entity in the Czech Republic.

The aggregation currently manages the rights of over 31,000 authors and publishers in over 40 countries. Of these, 14,000 are in Italy and accommodate Enrico Ruggeri, Fedez, J-Ax, Rovazzi, Gigi D’Alessio, Maurizio Fabrizio, Nesli, 99 Posse, Noyz Narcos, Achille Lauro, Biondo, Dark Polo Gang and Boss Doms.

FinSMEs

29/10/2018

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