Investment

Investment group linked to music icon invests in education platform

A music education platform has received backing from 10 investors, one of which is linked to one world’s best-known musicians. 

Yousician, a Helsinki-based platform designed to help budding musicians learn to play their chosen instrument, received $28 million in a Series B round. Big investors included Amazon Alexa Fund and the Palo Alto-based fund, True Ventures. But also backing the round is MPL Ventures.  

Set up at the end of last year, MPL Ventures is linked to MPL Communications, the New York City and London-based group that manages the business interests of the legendary musician and songwriter, Paul McCartney. MPL Ventures, which is based in the same building as MPL Communications’ London office, is also linked to Paul’s son, James McCartney. James is listed under Companies House filings as a person with significant control of the venture group. 

MPL Communications is one of the world’s biggest music publishers.

Yousician has so far received more than $30 million in funding since it was set up in 2010. 

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