The investment firm has raised a total of $400 million and boasts a catalog of over 27,000 songs.
South Korean music investment firm Beyond Music added another $170 million to bolster its music catalog, which currently stands at 27,000 songs. The round was led by Praxis Capital, Beyond Music’s largest investor, and was joined by several large investors from Asia, the company announced Monday .
“Praxis Capital is well known for its successful track record in the content industry, and brings to the table not just capital, but ‘smart capital’ that delivers insight and shared vision,” said Beyond Music CEOin a statement. Previously, Beyond Music received funding from KB Securities, Base Investment, Maven Growth Partners and electronics and entertainment company Dreamus.
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