Anotherblock AB has raised €4 million in connection with a successful seed founding round led by Stride Capital II LP, joined by Axwell of Swedish House Mafia, along with other investors. Going forward, Anotherblock wants to reach an even wider audience, particularly outside of the crypto space, and enable even more creators to get involved. Anotherblock´s rapid growth and expanding has attracted both artist and companies as investors.
Founded in 2021 Anotherblock has the ambition to challenge the music industry and improve the artists’ possibilities to monetise on their content. Anotherblock makes it possible for everyone to invest in world-renowned songs by a developed blockchain-based marketplace for music rights, making it easy to invest in music.
“It's about reaching an even wider audience, particularly outside of the crypto space, and enabling even more creators to get involved,” explains Anotherblock co-founder and CEO Michel D. Traore. “The blockchain ecosystem currently boasts more active users and greater opportunities to engage them than ever before, opening up endless possibilities for the combination of music rights and technology.”
Synch has acted as legal advisor to the Founders of Anotherblock in connection with the seed founding round. Synch´s team consisted of Jonathan Clauss, Cecilia Thuresson and Emma Lindberg.
Synch is an international law firm, focusing on digital business and technology. Synch is offering a flexible delivery model where Digital services complement the firm’s Advisory Services, Projects & Transaction Services as well as its Managed Services. Synchs Projects & Transactions group are specialized in private and public M&A, venture capital investments and financing, especially in relation to technology.
