Music app

MWM Raises $ 55.9 Million After Generating 400 Million Music App Downloads – TechCrunch

The publisher of popular music applications MWM has raised a financing round of 55.9 million dollars (50 million euros). Blisce / is leading the way with Idinvest Partners, Bpifrance (Large Venture fund), Aglaé Ventures and Xavier Niel.

Some of MWM’s apps include edjing Mix, Beat Maker Pro, Drum Machine, Beat Snap 2, TaoMix 2, and Guitar and Drums. The company has slowly expanded to cover more areas in the music space, from production to learning, games and utilities.

Next, MWM wants to expand beyond music and tackle new verticals in the creative space. And the company seems well positioned to replicate some of its successes, as MWM has attracted over 400 million app downloads over the years.

Some of these verticals are already very busy, like editing videos and photos. But MWM is hoping it can become something of an Adobe for mobile creativity apps.

The startup has also launched hardware products. Its latest product Phase lets you turn good old vinyl turntables into digital DJ controllers. After connecting a receiver to your mixer, you just need to put two tiny receivers in the center of your turntables, above the discs.

MWM was founded in 2012. It has attracted $ 67 million (60 million euros) in funding in total. The company currently has 70 employees spread over two offices in Paris and Bordeaux.

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