Power Amp Music is seeking to raise £10m as an approved investment fund under the Enterprise Investment Scheme (EIS). The new vehicle, Power Amp Music Fund, will invest in a diversified portfolio of UK music talent, capitalising on the rapidly changing face of the music industry. It will aim to develop a total of between 20-30 artists, ranging from emerging artists through to established and “heritage” artists.
Early-stage investor Italian Angels for Growth and Swiss holding company Brahma also take part in the round
Company in 2019 generated revenues of DKK 115m, the equivalent of €15.4m
A fortnightly highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
Indaco Venture and CDP Venture Capital also take part in the round, alongside previous backer Genextra