The funding was led by Orkos Capital and also includes previous investors Sofinnova Partners and Ventech.
The investment is being used to roll out the MXP4 Everywhere platform to ensure MXP4's technology is available within third-party services, music formats and apps.
The Paris-based company allows users to remix tracks online and share them virally. More than 100 acts have tracks available for remix through MXP4 and the company sees a user dwell time of 9.1 minutes per track.
The company ...
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