proTunes, a music technology solutions company, has completed a significant pre-Series A equity fundraise.
proTunes is the first global platform to offer an end to end solution for music used in advertising. The company provides a variety of services and technologies to music rights owners, advertising networks and brand clients that includes platform hosting, search technologies, automated sync licensing, insurance and legal compliance, billing and payment systems, administration services and performance royalty tracking and claims.
The funds will enable proTunes to scale up its end-to-end sync to royalties solution and continue its global expansion ahead of a larger Series A round which is anticipated to occur 2021.
BDO’s Media & Technology M&A team provided lead advisory services to support the transaction.
“We would like to thank Damian and his team for their invaluable support on this transaction. The team demonstrated a deep understanding of the sector which helped them quickly grasp both the technical and commercial aspects of the transaction. They were always on hand to provide advice and support throughout the process.”
Declan Mohan, Co-Founder and COO, proTunes