The investment round was led by Vulcan Capital, the multi-billion-dollar investment arm of Microsoft co-founder and philanthropist Paul G. Allen, with participation from Caldecott Music Group and K3 Ventures, a venture capital firm that was an early backer of super app Grab and tech giant Bytedance. BandLab says the funds will allow it to expand its team and continue “to refine and grow its offerings to music creators and aspiring artists worldwide”.
Source: Social music creation platform BandLab closes Series B funding round at $65m