“With our last Invesdor funding campaign in late 2021, we raised a record-breaking 3.6 million euros which we promised to use wisely for US launch, global music licensing, and expanding our R&D efforts.
We delivered on all three points. Our US operations revenue is growing fast at 14% average month-over-month pace, we’ve secured record breaking 14,000+ global licensing deals and expanded our development and operations team to support our growth across 34 countries and a premium product line-up. Overall our ARR grew 70% over the last 12 months despite the Omicron lockdowns weighing us down heavily during Q1 and Q2 of 2022.
Due to the wobblyness of the macroeconomic forecast and the looming recession scare, the next strategic step for us is to reach cash flow neutrality by the end of H1/2024 while also maintaining a strong, but sustainable 100% YoY growth pace. To do this, we’ve secured an anchor investment of 1.64 million euros from our current lead investors Maki.vc and Superhero Capital, as well as from the co-founders of Wolt, Supercell, Epidemic Sound and AudioShake. With their support and advice we’re confident we can achieve our next set of goals.
Now you have a chance to join us in our mission with the materially same commercial terms as the anchor investors.”
Atte Hujanen, CEO