Audoo is a technology company that is revolutionising the music royalty industry. The company is working to ensure artists, composers, publishers and labels are fully acknowledged, recognised, and compensated for the broadcasting of their works. This is done through Audoo's 'Audiometer' that captures, analyses, and reports the music broadcasted in public areas, such as shops, gyms, restaurants, and bars. In 2019, the company joined Abbey Road Red, Europe’s first bespoke music & technology incubator. With the proceeds, the company will improve its fingerprinting database and Audio Meter hardware. It will also expand its business development team and technical team.
/* OVERVIEW */ ?>
Audoo Rating Review
Pitch rating powered by CROWDRATING™
Rated on 25/02/2020
Log in to view target
£6,000,619
pre-money valuation
4.00%
equity available
54
investors
£3,989
pledge per investor
21/08/2018
incorporated 6 years
Previous Funding rounds
10 Feb 20 | Seedrs | £215,417 / 86% | 45.67% |
News
Meet former rock star making sweet music with Audoo - BusinessCloud
18/04/2024 BusinessCloud
Sir Elton John hits high note with backing for music tech company Audoo - Sky News
09/10/2023 Sky News
PRS for Music & PPL partner with music tech company Audoo - PRS for Music
09/08/2023 PRS for Music
UK music tech startup Audoo partners with Abu Dhabi’s ESMAA on public performance royalties - Music Business Worldwide
29/11/2023 Music Business Worldwide
Sir Elton John invests in Audoo's new $5M round for accurate music royalty payments - Tech.eu
10/10/2023 Tech.eu
Elton John backs music royalty device company Audoo - UKTN (UK Technology News
10/10/2023 UKTN (UK Technology News
Audoo strikes music-monitoring deal with PRS for Music and PPL - Music Ally
09/08/2023 Music Ally
What is Audoo, the "revolutionary" music tech startup backed by Elton John, Paul McCartney and ABBA's Björn Ulvaeus? - MusicRadar
11/10/2023 MusicRadar
After ABBA's Björn Ulvaeus and Sir Paul McCartney, Sir Elton John backs London-based music tech startup Audoo - Silicon Canals
10/10/2023 Silicon Canals
Sir Elton John's cash injection boosts music royalties start-up Audoo - The Independent
10/10/2023 The Independent
Valuations in Technology
Wi-Fi Securities Limited | £9.1M |
Morgan Goodwin Limited | £5.6M |
UTU Technologies | £5.0M |
Doqit | £1.3M |
What the ratings mean
RISK WARNING - The ratings are based on the information provided in the fund raiser’s pitch deck, business plans and financial forecasts which have appeared on a FCA regulated crowdfunding site. Where possible we validate the business plan to public sources such as LinkedIn, Companies House, Credit Agencies and internet searches. We cannot guarantee the information is correct. The ratings report takes no account of the investors/ individual circumstances. Do your own due diligence and get professional advice before investing. Your capital is at risk when investing in private companies.