Audoo secures £4m from investors including Elton John to improve music royalty data
The funding round includes backing from high profile music icons as the company expands its international reach.
Audoo is a British music technology company that provides data collection solutions for public performance royalties. The firm supplies devices and insights platforms to track music played in public venues.
British music technology company Audoo has secured £4m in new funding from backers including Elton John, David Furnish, MPL Ventures, ABBA member Bjorn Ulvaeus, Tileyard, and Edinv. The capital will support the company's ongoing mission to improve royalty transparency and data accuracy for musicians globally.
Founded in London, Audoo develops specialised audio meters and insights platforms designed to capture public performance data for creators and collection societies. The latest investment brings the firm's total funding raised to date to $22m following recent international expansion across multiple continents.
From the founder
"Being able to draw on the support of artists in our mission to revolutionise the royalty space has been key to Audoo’s success, and we are incredibly proud to welcome even more icons to aid in the next stage of our journey."
Ryan Edwards
Founder and CEO at Audoo
