WMG Boost is the name for Warner's new investment fund to support new music tech companies through from Seed to Series “A”. With up to $1m investment available per company. WMG Boost plans to invest in innovative game-changing ideas to revolutionize the music industry.
The fund is aimed at supporting entrepreneurship and innovation in tech products and services from AI to blockchain, virtual reality, mobile gaming, voice, and more,
“WMG Boost is all about nurturing the diversity of ideas within the music ecosystem, especially at this meeting point between music and tech,” said Ole Obermann, Chief Digital Officer, Warner Music Group. “This fund enables us to support thoughtful entrepreneurs, learn more about emerging business models, and invest in the creation of more opportunities for artists.”
The multimillion-dollar fund will invest in early-stage businesses within and adjacent to the recorded music business.
Warner Music Group has a track record of investing in pioneering start-ups, including Landr and Pexeso and is a founding member of Techstars Music. This, however, is the first fund they have set up direct to discover and fund music tech.
Through WMG Boost, Warner say they will be investing in the companies, ideas, and entrepreneurs that will drive the evolution of the music industry.
“Working with WMG Boost, you have access to not only Warner Music Group’s capital, but also to strategic advice and mentorship that no other investor can bring to the table: unmatched industry insight and access to one of the world’s most iconic music and publishing catalogs.” – WMG Boost
More information is available on their site