Portfolio

NMusic
Music streaming
FRN

Invested in
2013
Divested in
2019
Investment Rationale

The audio content consumption model is changing, particularly in regard to the use of online providers as opposed to illegal downloads. Business replication/expansion to other countries and formats with a number of synergies: platform/software scalability which only requires adaptation to local languages and cultures. Team with solid experience in audio/video content management. Potential to adopt freemium business models.

Strategy

International expansion through replication of current business model. Entry into new service distribution channels. Product development focusing on differentiation.