Music and tech have merged in amazing ways over the last decade. So many startups have popped up and shut down but the momentum definitely hasn’t dropped.
Apparently investments into music tech companies doubled in 2015. And that’s amid talk that there’s a tech bubble that’s about to burst.
Analysis by Music Ally shows just under $2 billion was invested in 36 music tech companies in 2015. That’s twice the $947 million invested in 33 companies in 2014. Spotify alone raked in $526 million, or one quarter of all music tech investments last year.
2016 is promising to be a far tighter year for investments and dark clouds are forming over some big players like Soundcloud. But a possible IPO by Spotify could, if successful, reignite venture interest in music tech investment.