The veteran singer-songwriter and husband David Furnish have backed the company as part of a 5 million US dollar (£4.1 million) funding round.
Sir Elton John has become the latest major musician to pump cash into technology firm Audoo, which helps artists receive fairer royalty payments
The veteran singer-songwriter, who headlined this year’s Glastonbury Festival, and husband David Furnish have backed Audoo as part of 5 million US dollar funding round. The cash injection adds Sir Elton and Mr Furnish to the firm’s list of investors alongside Sir Paul McCartney, through his MPL Ventures investment business, and Abba’s Bjorn Ulvaeus.Audoo was founded in London by Ryan Edwards in 2018 in order to track the use of songs and collect royalty payments.
“That’s why we’ve invested in Audoo and their world-class technology and data, to help create a more transparent system for everyone, and ultimately to keep the music alive.”
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