# Auxy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/auxy

- Industry: Software
- Headquarters: Stockholm, Sweden
- Website: www.auxy.co/
- Latest round: Seed (Sep 19, 2014)
- Investors on record: 1

## About

Based in Sweden, Auxy develops a comprehensive music creation application designed for mobile devices, enabling users to produce high-quality music with an intuitive and user-friendly interface.Auxy, founded in 2014 and headquartered in Stockholm, Sweden, specializes in music production applications. The company was established by Henrik Lenberg, who has a history of entrepreneurship in the tech industry. In September 2014, Auxy raised seed financing from Kima Ventures, marking its entry into the investment landscape.Auxy offers a robust digital music creation platform designed to empower users to produce high-quality music directly from their mobile devices. Central to Auxy's offering is its intuitive app, which provides tools for composing, arranging, and mixing music in a streamlined, user-friendly interface. The app supports a range of functionalities, including a library of pre-set sounds and loops, customizable instruments, and intuitive sequencing capabilities. Auxy primarily serves independent musicians, music producers, and hobbyists who seek accessible music production solutions. While the core user base is predominantly located in North America and Europe, the app is available globally, catering to a diverse audience of aspiring creators across various musical genres.Auxy generated revenue of USD 447,633 in 2023, with an EBITDA of USD 364,788. The company employs a subscription-based model that allows users to access premium features and content within the app, structured in tiers that provide varying access to exclusive sounds and updates, appealing to both casual users and serious music producers.Though specific upcoming products have not been disclosed, Auxy is focused on expanding its market presence, particularly targeting new users in Asia and South America by the end of 2024. The seed financing raised in September 2014 is expected to support these growth initiatives, helping the company enhance its app features and increase user engagement.

## Funding rounds

- Seed, Sep 19, 2014 — Kima Ventures

## Investors

- Kima Ventures (https://capitalatlas.ai/funds/kima-ventures) — Seed