UK-headquartered PR firm Jukebox increasing into the enterprise capital house.
The Alex Jukes-founded firm, identified for its work in music, leisure and way of life, has introduced the launch of Jukebox Ventures and its first funding fund aimed toward “the convergence of music, know-how, and tradition.”
Jukebox’s Fund I will likely be targeted on early-stage investments, from pre-seed to Sequence A, and goals to lift as much as $15 million, the corporate says. It goals to put money into startups throughout rights and licensing, creator instruments, streaming and distribution, music training tech, fan engagement, content material monetization, immersive media and dwell experiences.
“Regardless of the music business surpassing $32 billion in international income in 2023, early-stage funding stays scarce – with lower than 10% of music tech VC offers occurring earlier than Sequence A,” Jukebox stated in a press release.
“Jukebox Ventures was created to shut this hole with capital, strategic steerage, and entry to a world advertising and marketing engine.”
Jukebox Ventures’ management crew consists of Alex Jukes as Co-Founder and Basic Companion; Christian Lawrence, Senior Market Strategist at Rabobank, who will function Basic Companion and Head of Investor Relations; Kevin Caballes; Head of Operations at Sorella Labs, who will function Working Companion; and Anthony Trotta, founding father of Vernon Capital, as Companion and Head of Buying and selling.
“This fund is about greater than capital. It’s about giving startups a cultural edge and LPs a front-row seat to innovation throughout music and leisure.”
Alex Jukes
Its advisory board will embrace DJ and producer HOSH, Beatport Media Group SVP Ed Hill, Seven 7 Administration Companion Joshua Brandon, and Jukebox Advertising Director Indi Matthews.
“For over a decade, Jukebox has helped form music and tradition from behind the scenes. With Jukebox Ventures, we’re stepping in earlier – investing within the subsequent wave of founders constructing the instruments, platforms and experiences that can outline the long run,” Jukes stated.
“This fund is about greater than capital. It’s about giving startups a cultural edge and LPs a front-row seat to innovation throughout music and leisure.”
Since its launch in 2008, Jukebox has targeted on PR for dance music, file labels, way of life corporations and festivals. It expanded into artist administration in 2018.
The corporate boasts of getting labored on greater than 200 worldwide music festivals and occasions in 50 international locations, together with the US, Brazil, Vietnam, Costa Rica and Austria, and having constructed a following of 5 million.Music Enterprise Worldwide
