Northzone invests €7m in X5 Music

The company is opening an office in New York and funding will facilitate the signing of American artists and an increase in X5's current catalogue. Northzone believes that there is significant growth potential in the digital music sector.

X5 Music Group is headquartered in Stockholm and distributes and sells music through a wide variety of media channels.

The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.

If you have any information regarding this transaction, please contact Viktor Lundvall on +44 20 7004 7476 or viktor.lundvall@incisivemedia.com

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• Topics
• Nordics
• Media
• Expansion
• Northzone
• Sweden