Piracy tracking startup MUSO has raised £3.5 million in an extension to its £2.5m 2017 Series A with Harwell Capital.
The investment will be used to expand the company’s sales and marketing and increase its foothold in the digital media, gaming and live broadcast sectors.
MUSO was co-founded by Grammy-nominated music producer Andy Chatterley (pictured), who has previously written and produced songs for Kylie Minogue, Muse, Blondie and The Pussycat Dolls.
The firm’s technology removes unlicensed digital content and provides rich data and insights from piracy audiences.
The company tracked 190 billion visits to piracy sites throughout 2018. Its data is used by right-holders, broadcasters, sports organisations and brand advertisers to inform a total view of audience consumption and provides insight into content demand, creation and monetisation.
MUSO’s clients include Sony Interactive, IMG, Entertainment One, Vertical Entertainment and EUIPO.
Harwell Capital is a London and Jersey-based Venture Capital investment firm.
Daniel O’Brien, Managing Director at Harwell Capital, said: “Since Harwell Capital’s first investment round nearly 2 years ago, Andy and the team have delivered significant value to existing and new clients including global leading corporate businesses and trade bodies, transformed the Board to include high-profile growth stage veterans, and expanded the product range and application to significantly ratchet their addressable market. We remain supportive backers.”
“Harwell has been a hugely supportive investment partner, who provide far more than cash alone to the company.”
Andy Chatterley, MUSO
Andy Chatterley, CEO and co-founder of MUSO, added: “Harwell has been a hugely supportive investment partner, who provide far more than cash alone to the company.
“They understand our vision and objectives and bring significant advice and acumen to ensure we can execute on our continued growth plans in a most exciting market.”Music Business Worldwide