Berlin-based AI tech startup Enote has raised €10 million in a Pre-Series A funding round with participation from Dieter von Holtzbrinck Ventures, the European Innovation Council Fund and the Rudolf Fuchs Family Office. Enote’s app is used by more than 70,000 musicians worldwide. The collected capital will be used for further expansion, including in the education market. A Taylor Wessing team led by Berlin-based VC and growth experts Dr Norman Röchert and Dr Armin Bartsch advised Enote on all legal aspects of the financing round.
Combination of Cultural Significance and State-of-the-Art AI Methods
We are very excited to start the next chapter of our journey with such strong partners by our side. They not only see the enormous business opportunities that lie in the still undigitized sheet music market. They also understand the societal and cultural importance of Enote’s mission to democratize access to sheet music and make music education more rewarding, affordable and impactful for billions.
Its track record in leading traditional publishing businesses into the digital age was taken into account. DvH Ventures was immediately impressed by Enote’s potential.
We’re excited to join the founding team in their dream to improve the lives of musicians through technology, making quality sheet music accessible and affordable for everyone, and transforming the music industry in the process. Their proprietary AI is the key to a unified digital sheet music format.Peter Richarz, Managing Partner of DvH Ventures
For the EIC Fund, the combination of cultural significance and cutting-edge AI methods made Enote an ideal candidate. EIC Fund board member Hermann Hauser,
There are many innovative, talented startups in Europe. But these companies often stay small or move elsewhere. Thanks to our investment, Enote can continue to preserve European cultural heritage by making it more accessible and interactive.Hermann Hauser, board member of the EIC Fund