Moscow Seed Fund, the venture arm of the Moscow city authorities, and Altair Capital, the seed-stage fund of serial angel investor Igor Ryabenkiy, have invested $200,000 and $100,000, respectively, in Mix Upload company. This Russian startup is developing a portal to help listeners, musicians and labels find each other and to monetize creative product.
The funds raised will be used on the product line and for marketing.
Mix Upload works with companies from around the world. In conjunction with them, it prepares product for release, thus helping rights holders optimize the process of introducing their product on the market and making it easier for listeners to search for music. The music catalog on the portal is tagged for 19 parameters.
Source: Firrma.ru
