CAP A JOINS PLUS8 IN PACEMAKER INVESTMENT
December 5, 2016 – 100 Milligrams Holdings AB("Pacemaker"), a Stockholm-based music technology business has closed a $1MM USD seed round of investment led by Spintop Ventures and U.S.-based venture capital firms Plus Eight Equity Fund LP and Capital A Partners "CAP A".
Pacemaker is the Instagram of Music on top of music streaming, currently integrated with Spotify and soon with more services. Pacemaker’s groundbreaking AI empowered creation make it possible for anyone to create mixtapes of professional quality.
The mixtapes are also shareable and editable thanks to Pacemaker’s proprietary format called the Recipe: (1) MIx = Recipe + Tracks; (2) Recipe = Mix - Tracks. I.e. a Recipe holds the metadata for how to put a number of tracks together in order to create a mixtape; The Recipe contains everything in a mixtape with the tracks subtracted. Holding no copyrighted information, Recipes can be shared freely and generate streams for tracks on music streaming services making sure that everyone is paid.
Pacemaker won the 2015 Apple Design Award, Best of App Store 2014 and 2015, and has over 3.5 million app downloads.
Recent press coverage:
For more information about Pacemaker, go to: http://www.pacemaker.net.