Trind Ventures invests in music promotion startup Groover
Music promotion platform Groover has closed an $8 million Series A funding round. The round was led by investors OneRagtime, Trind Ventures, Techmind, MozzaAngels, and supported by historical backers, Partech, Bpifrance’s Tech & Touch fund, Verve Ventures, and Frenchfounders.
Groover was founded in 2018 in Paris by Dorian Perron, Rafael Cohen and Romain Palmieri. Groover connects independent artists with the best curators, radio stations and labels seeking emerging talents. The platform guarantees that music curators and professionals will listen to your track, respond with feedback, and share the tracks they like. Since its launch, Groover has attracted nearly 350 000 independent artists from over 180 countries, generating over 4 million personalized reviews.
With this funding round, Groover plans to integrate two additional services to the platform and strengthen its position in North America, Europe, and Latin America. New Groover Club membership service will offer coaching, masterclasses, and personalized follow-up sessions to 1,000 artists in France and the US to help artists increase their visibility with detailed advice. In addition to this, Groover Obsessions service provides career development opportunities to the most promising artists on the platform.
Romain Palmieri, Co-founder and CEO at Groover: "The success of this funding round represents a crucial step in our journey. With these new investments, Groover is poised to write a new chapter, solidifying its position as a global reference in music promotion. Our goal is to provide independent artists with an all-in-one platform supported by innovative features and services and keep accelerating our international development in North America, Europe and Latin America."
Taavi Lepmets, Partner at Trind Ventures: "Romain and his passionate team are solving one of the major pain points for artists and are doing so in a very smart and scalable way. The industry is changing as seen from our three other music related companies. Groover is well positioned to continue growing into an important piece of the puzzle of the new music industry architecture. We are thankful to the Groover founders and team for allowing us to be part of the journey with them!"
- Read more about the investment at TechEU
- About Trind Ventures
- About Groover