Home Topics Business Yousician raises $ 28 million in the B round. New investors...

Yousician raises $ 28 million in the B round. New investors include the Amazon Alexa Fund and Paul McCartney’s MPL Ventures

Music education platform Yousician has closed a Series B round of funding for its platforms worth $ 28 million, bringing the total to $ 35 million.

The company says its on-demand music school, Yousician, and instrument tuner platform GuitarTuna are used by 20 million people worldwide each month and that “recurring revenue in 2020 increased 70% from $ 30 million to $ 50 million . USD has risen “.

In the past 12 months, there were 14 million downloads, according to Yousician, up 52% ​​year over year, while GuitarTuna had 32 million downloads, up 10% year over year.

Silicon Valley venture company True Ventures is the company’s primary investor.

The new investors in this round include the Alexa Fund from Amazon and the investment arm MPL Ventures LLP from Paul McCartney.

Angel investors include Mark Pincus, founder of Zynga; Jason Calacanis, founder of the LAUNCH Fund; David Helgason, founder of Unity Technologies; Rolf Schrömgens, co-founder of Trivago; Moaffak Ahmed, Founder of Cooler Future, Bryan Meehan, Chairman of the Board of the Blue Bottle Coffee Company, and Anne Badan, CEO and Co-Founder of The Shortcut.

Yousician claims to be reinterpreting music education using interactive learning techniques. The platform offers lessons for guitar, piano, ukulele, bass and vocals.

Yousician’s audio feature listens to users as they play and provides real-time feedback. The platform also offers lesson plans created by in-house music teachers.

With the new financing, Yousician wants to further develop its product range, make important new appointments and invest in both brand marketing and artist partnerships.

Yousician says it activated artist sessions with Phil Collen from Def Leppard, Jason Mraz, Declan McKenna, Mark Bryan from Hootie and the Blowfish, and Nancy Wilson from Heart.

“We pride ourselves on being behind a company and team that bring the joy and excitement of playing an instrument to more households and families.”

Jon Callaghan, True Ventures

Jon Callaghan, Co-Founder of True Ventures, said, “Yousician has been the premier music education platform for nearly a decade and people are turning more than ever to the pursuit of creativity and music with renewed vigor.

“We pride ourselves on being behind a company and team that bring the joy and excitement of playing an instrument to more households and families.”

“With this new round of funding and investors who really understand what we’re doing and why, we’re poised to enable more people to learn and make music in more places than ever before.”

Chris Thür, Yousician

Chris Thür, Co-Founder and CEO of Yousician added, “This is a very exciting time for Yousician and aspiring musicians everywhere.

“With this new round of funding and investors who really understand what we’re doing and why, we’re poised to enable more people to learn and make music in more places than ever before.”Music business worldwide

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