# Melodics

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

- Industry: Software
- Headquarters: Auckland, New Zealand
- Website: www.melodics.com
- Total disclosed funding: $1.2M
- Latest round: Seed (Sep 15, 2017)
- Investors on record: 4

## About

Melodics Limited, based in Auckland, New Zealand, provides an interactive music education platform designed to enhance musicians' skills through engaging, step-by-step lessons across various instruments.Founded in 2014, Melodics Limited specializes in an interactive platform for music education, catering to musicians at all levels. The company was established by Sam Gribben, who has a history in the music tech industry. Melodics has raised a total of USD 1.2 mn in funding through 3 deals, with the latest being a Seed round in September 2017 led by Ableton AG, along with participation from Icehouse Ventures, K1W1, and returning investor 500 Global. The company's headquarters is located in Auckland, New Zealand.Melodics offers a subscription-based application that provides interactive music education through step-by-step lessons for MIDI keyboards, pad controllers, and electronic drums. The platform delivers engaging content and real-time feedback, allowing users to practice rhythms, chords, melodies, and various musical styles. The service is designed to appeal to a diverse customer base, including individual musicians and educational institutions, across North America, Europe, and Asia.Melodics generates revenue through its subscription model, which grants users access to a comprehensive library of lessons and personalized feedback. Users can opt for a free trial, followed by a premium subscription that unlocks additional content tailored to their skill levels and musical interests. The pricing structure accommodates both individual users and educational institutions, supporting a steady influx of subscribers among musicians seeking to refine their skills.As part of its growth strategy, Melodics plans to utilize the USD 1.2 mn raised in the Seed round to further develop its music education software. The company aims to launch new features by the end of 2018 and expand into new markets, focusing on regions in Asia and Europe. This funding will support the enhancement of their learning platform, enabling them to reach a broader audience and improve the user experience.

## Funding rounds

- Seed, Sep 15, 2017, $1.2M — 500 Global, K1W1, Ableton AG, Icehouse Ventures

## Investors

- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed
- K1W1 — Seed
- Ableton AG — Seed
- Icehouse Ventures (https://capitalatlas.ai/funds/icehouse-ventures) — Seed