Investors include Finnvera Ltd and Miston Ltd, management team members, and a group of angel investors.

The company say the proceeds will be used to facilitate its growth, further develop its technology, extend its international presence and scale its operations to address growing demand.

So far the service has created fan clubs for artists such as Jessie J, Tinie Tempah, The Kooks, Devlin, Lykke Li, and works with Universal, EMI, Warner, Sony among others.

Paavo Backman, Founder and CEO of ...