Believe Digital has secured a $60m growth capital investment from investment firm Technology Crossover Ventures (TCV) and private equity firm XAnge.

XAnge has been an investor in Believe Digital since 2007, while TCV general partner John Rosenberg will join Believe Digital’s Board of Directors.

“Believe Digital aims to become the global leader in digital distribution and label services," said CEO and Founder Believe Digital Group, Denis Ladegaillerie. "The rapid growth of digital music sales (which now surpass CD sales in many ...