A $28 million Series B round of fundraising was completed for the interactive music platform Yousician in New York.
New investors Amazon’s Alexa Fund and MPL Ventures LLP joined True Ventures in leading the round, along with angel investors Mark Pincus, Jason Calacanis, David Helgason, Rolf Schrömgens, Moaffak Ahmed, Bryan Meehan, and Anne Badan.
The money will be used by the business to expand the range of products it offers, hire important personnel, and make investments in brand promotion and collaborations with artists.
According to Chris Thür, co-founder and CEO of Yousician, anyone can learn to play the guitar, piano, ukulele, bass, and sing using interactive learning methods. Its audio recognition system monitors the user’s playback while giving immediate feedback. For users of whatever skill level, this establishes a structured and instructional learning route. Additionally, the portal offers lesson plans made by on-staff music professionals.
Additionally, the business offers the instrument tuner GuitarTuna. Twenty million people utilise the tools each month all throughout the world.
In 2020, the company’s overall revenue surpassed $50 million.