Music Tech Startup Enote Receives €10 Million Investment

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.

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Combination of Cultural Significance and State-of-the-Art AI Methods

Founded in Berlin in 2018 by professional conductor Boian Videnoff, IT manager Josef Tufan and Big Data and AI engineer Evgeny Mitichkin. Enote offers musicians access to a comprehensive library of sheet music through the app. The app is based on a proprietary AI-based optical music recognition process. It is currently the pinnacle of music publishing in terms of user-friendliness, search and various automation functions, which is still very much in the digital transformation. It is also the pinnacle of the music education market. Enote, in a statement from their offices

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.

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,