While most widely known for Spotify, a multitude of music tech companies have emerged in Sweden. The Nordic Tech List database includes 37 companies headquarters in Sweden that are related to the music industry. A recent article from Di Digital showcases several of Stockholm's hottest music tech companies including Epidemic Sound, Soundtrack Your Brand and Amuse.
Companies like Spotify, Soundtrack Your Brand and Epidemic Sound have provided the foundation for a rich music tech ecosystem in Sweden and are able to help foster the growth of the next generation of entrepreneurs. Co-founder of Soundtrack Your Brand, Andreas Liffgarden and co-founder of Epidemic Sound, David Stenmarck are also co-founders of Amplify, Sweden's first music tech incubator, launched in 2017. At Amplify both Andreas & David use their combined 30 years of music industry experience to coach promising early stage music tech companies.
(Founded in 2016, Amuse is a prime example of this next generation of Sweden's music tech with a reimagination of what a record label looks like in the digital age. The team is comprised of music industry veterans from Spotify, Universal Music & Warner Music. Amuse is an alumni Amplify member company and has since gone on to receive €4 million in funding and brought on Black Eyed Pea's member, Will.i.am, as a co-founder.
As of January 2018, Amplify has accepted three incubator companies to our program as part of Sweden's next generation of music tech. Gestrument is an interactive music creation engine, Stagecast is a live interaction platform and Soundlily is a music e-learning platform. Additionally we currently house one Member company, We Are Voice, a communication & music service for the choir community.
Amplify's goal is to continue to provide a space and create value for promising companies related to music tech. We allow companies to join us through our formal incubation process in which we help build viable businesses by providing the tools early-stage companies need to increase in company value, and prepare for funding. In addition to our founding team, through both our partners, and our network, we provide our companies access to key players in music, technology, investing, recruiting, and entrepreneurship and additional relevant industries.
Interested? Please contact us and stay tuned!
(Photo by Julius Konttinen)