Paris-based MWM raises €50 million to become the world’s leading creative apps publisher | EU-Startups
Summary
Today French startup MWM, a new kind of music app publisher, has announced a new Series B funding round of €50 million led by blisce/, Idinvest Partners, Bpifrance via its Large Venture fund, Aglaé Ventures, plus participation from French billionaire businessman Xavier Niel who also joined the round. The MWM team intends to take full advantage of the fresh finance to extend its app portfolio beyond music to digital creative practices in general. The startup also currently has 70 employees in Paris and Bordeaux and plans to also use the funds to double its workforce by the end of the year. In only a few years, we have become a key player in the music app market,which is without a doubt one of the fundamental pillars of the creative industry”, said Jean-Baptiste Hironde. Chloé Giard, Idinvest Partners, said: “With more than 400 million downloads around the world, MWM already represents an amazing entrepreneurial success story.