Magroove
Latest round
- Seed
Last raised
- Apr 2023
Total raised
- $1.6M
Investors
- 1
About Magroove
Established in 2019 and based in Sao Paulo, Brazil, Magroove operates as an online music distribution platform for independent artists. Fabricio Schiavo (COO) and Vitor Cunha (CEO) are the co-founders of the company. As of 2023, the startup had over 750,000 artists and users registered on the platform from over 190 countries. The company offers a variety of services to musicians, such as distribution, merchandising, and music recommendation, as well as assistance in promoting their music, building their brand, and getting payment for their labour. Spotify, iTunes, and Deezer are among the company's partners. Magroove also offers a no-code website builder that enables musicians to construct a personalized website equipped with an electronic press kit (EPK) and other features. The company employs machine learning technology to select tunes depending on the profile and mood of users. The firm provides a merchandising store where artists can sell unique products and seek fan donations.
Who invested in Magroove
1 investor across 1 round
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Funding rounds
Seed
Apr 20, 2023
Amount
$1.6M
Investors
Questions about Magroove
Who invested in Magroove?
Magroove has 1 investor on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Magroove raised?
Magroove has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Magroove last raise money?
Magroove's most recent round on record is a Seed, in Apr 2023.
What does Magroove do?
Established in 2019 and based in Sao Paulo, Brazil, Magroove operates as an online music distribution platform for independent artists.
Where is Magroove headquartered?
Magroove is headquartered in Sao Paulo, Brazil.
Which VCs invest in companies like Magroove?
Among active investors with capital left to deploy, Crescera Capital, Kaszek Ventures, dao5 and LIV Capital back software companies at Magroove's stage. Their profiles are linked below.
VCs backing software startups at Seed
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