"We are proud to support LANDR, a leader in the audio mastering sector, in order to give it the flexibility to develop the functionalities of its platform, seize expansion opportunities and consolidate its positioning in the market, both in Québec and abroad," says Guy LeBlanc, President and Chief Executive Officer of Investissement Québec. We're excited to be involved with LANDR and look forward to hearing the talented artists its new platform will help to shape," says Brian Woodland, VP of Business Development for Shure.
"Shure is known for developing innovative products that support musicians and content creators as they hone their craft. The company, which releases thousands of tracks weekly on platforms like Spotify, Apple Music and Amazon Music, also has an ambitious growth strategy in place for its distribution services. This investment follows LANDR recently crossing the 2.5 million artist milestone, mastering, releasing and promoting over 12 million tracks for artists in 160 countries around the world.
Since launching in 2014, LANDR has revolutionized the music-making process, and made studio quality sound more accessible for musicians and audio professionals of all levels.
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This Series B will allow us to take our knowledge and expertise in music technology to new market shifting directions," says LANDR CEO Pascal Pilon.
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"Having the support of established music companies like Sony, Shure and Warner as well as music industry investors such as Plus Eight and Slaight is a vote of confidence, and marks the start of a new chapter for LANDR. New products and innovation will also be a key area of focus, as LANDR continues to add powerful features to its platform. It will use this new capital to accelerate its growth, expand into new markets and further capitalize on its position as a leader in music AI. The company received $7 million as an initial convertible note from Investissement Québec and other investors, followed by an additional $19 million of equity from the above mentioned group of investors. The round was led by Sony Innovation Fund, microphone manufacturer Shure, state-owned financing corporation Investissement Québec and Fonds de solidarité FTQ, with investments from Warner Music, Plus Eight Equity Partners, Slaight Communications, YUL Ventures and PEAK Capital Partners. Landr now also does distribution, sells samples, has a video chat tool to aid musical collaboration, and a SoundBetter-style marketplace for hiring producers and engineers.MONTREAL and LOS ANGELES, CA, J/PRNewswire/ - LANDR, the AI-powered creative platform for musicians, announced the successful closing of its Series B financing round today, raising $26 million. The acquisition should slot neatly into Landr’s growing collection of plug-ins for musicians, which has been built as part of its expansion beyond its original focus on AI mastering. “Vocal processing is a key piece of the music creation process, and with Synchro Arts, we have added world-class technology to our platform and world class individuals to our team,” said CEO Pascal Pilon.
That’s the firm behind vocal production plug-ins VocAlign and Revoice Pro, which has been going since 1994.
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Tags: Acquisitions audio LANDR Synchro ArtsĬreator tools firm Landr has announced its latest acquisition: of audio software company Synchro Arts.
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