- TPG has experience investing in music and streaming with an extensive portfolio of music and media investments
- Calm, DirecTV and Spotify are among TPG’s music and media investments
- TPG is making the investment through TPG Growth, its middle market and growth equity platform
TPG announced yesterday an investment in Italian music data platform Musixmatch. The investment is being made via TPG’s middle market growth equity platform, TPG Growth. The investment will allow Musixmatch to explore expansion opportunities in new geographies and verticals.
Musixmatch was founded in 2010 in Bologna. It provides metadata to digital service providers including Amazon Music, Apple Music, Google, Instagram, Spotify and Tidal.
TPG has experience of investing in music and streaming. It has an extensive portfolio of music and media investments including Calm, Spotify, DirecTV, Creative Artists Agency, Entertainment Partners and Fandom.
“Digital music streaming has become the default form of music consumption and continues to experience robust growth,” said Jacqui Hawwa, a business unit partner at TPG Growth. “We have long admired the impressive platform that Musixmatch has built and believe its unparalleled metadata catalogue, proprietary lyrics sourcing engine and extensive relationships with streaming platforms and IP owners will continue to position the company for success in this large and growing market.”
“The team at TPG brings more than just deep experience investing behind world-class music and streaming companies,” said Max Ciociola, founder and CEO of Musixmatch. “They also share our ethos and the entrepreneurial spirit that has been a hallmark of our success to date and will continue to drive our next phase of growth.”