Jukedeck raises up to £2m to fund working capital and key hires.
Cambridge Innovation Capital led the round with a £1.5m investment.
£2.0MSeed
Share allotment filed at Companies House
Jukedeck develops software that enables users to generate original, copyright-free music for videos and games.
Jukedeck, a University of Cambridge spin-out, has raised up to £2m in a funding round led by Cambridge Innovation Capital, which contributed £1.5m.
The capital will be directed towards working capital and key hires to support business expansion following the launch of the company's initial product.
Backing follows an earlier £500k seed investment in August 2014 involving Cambridge Innovation Capital, the University of Cambridge, and the University EIS Fund managed by Parkwalk.
Investor perspective
"It has been fantastic to see Jukedeck develop since last year and we were delighted to assist CIC with further investment into this innovative company"
ZL
Zickie Lim
Corporate partner, Mills & Reeve
Use of funds
- 01Grow the team
- 02Scale operations
