UK - New music EIS fund seeks to raise £10m
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.
More on Venture
DvH Ventures launches Digital Health Fund
Axon launches €150m fourth innovation growth fund
Fondo Axon Innovation Growth IV acquires minority stakes in technology businesses with high-growth potential
UCL Technology Fund 2 holds first close on £100m
UCL Technology Fund closed on £50m in January 2016 and is now fully deployed
Programma 102 closes on €100m
VC will launch a new vehicle by the end of the year, with a €100m target, to focus on complementary asset classes
Latest News
Nuo Capital, Olma in €4.5m round for Artemest
Early-stage investor Italian Angels for Growth and Swiss holding company Brahma also take part in the round
Priveq acquires majority stake in Trendhim
Company in 2019 generated revenues of DKK 115m, the equivalent of €15.4m
The Deals Pipeline
A fortnightly highlight of deal processes underway and involving PE, either on the buy- or sell-side, across Europe
Panakes et al. in €20m series-B for InnovHeart
Indaco Venture and CDP Venture Capital also take part in the round, alongside previous backer Genextra