Digital live music and entertainment platform Musixen has completed its second investment round. In the tour, London-based Platform XIT and new angel investors increased its initial valuation 7 times within a year and received a new investment of 2 million dollars over a valuation of 20 million dollars. Musixen will grow in the Europe and Middle East and North Africa (MENA) region with the proceeds from the investment tour.
Musixen, one of the successful representatives of the Turkish startup ecosystem, completed its second investment round. Continuing its activities with the aim of digitizing the music and stage world, Turkish startup Musixen has received a new investment of 2 million dollars over a 20 million dollar valuation. He successfully completed the tour with the participation of London-based investment fund Platform XIT and angel investors, as well as existing investors such as Re-Pie Technology Initiative, one of the largest global technology funds, and Plug and Play, which has made its mark on the Turkish startup ecosystem with its recent investments.
Musixen will focus on growth in the Europe and Middle East and North Africa (MENA) region with new investments. Investments will be made in innovations such as the avatar experience and Musixen Token to make the Metaverse world a music-entertainment center along with the technological infrastructure to provide better quality service to users.
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Çağrı Bozay, Founder of Musixen, said:
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