Ukrainian fund Vesna Capital has invested $1 million in the pre-investment round of San Francisco-based audio technology startup Submix. This will facilitate collaboration between musicians, producers and audio professionals around the world.
Investment in an audio startup
Capital injection
Domestic investment fund Vesna Capital has invested $1 million in a pre-seed funding round of San Francisco-headquartered audio technology company Submix. In addition to Vesna Capital, investors included Angel Invest Ventures, SCNE and TSIC. According to the startup's press release, this investment is a vote of confidence in a challenging investment landscape and growing tensions in the music industry due to the combination of AI and streaming payouts.
Startup mission
Funds raised will help accelerate Submix's mission to make collaboration easier for musicians, producers and audio professionals around the world, giving them improved access to earning opportunities. According to Submix co-founder and CEO Paul Jeschensky, this round of funding is an important vote of confidence in a difficult time for investment.
Unique Software
As Vesna Capital investment director Petro Sovyak-Krukovskyi explained, Submix creates software that will fill two gaps in the audio technology space at once. First, it will allow music and audio professionals to collaborate remotely in real-time, overcoming network delays. Secondly, the Submix software solution will enable users of different digital audio workstations to work together - a functionality previously unavailable to many.
Glossary
- Vesna Capital - Ukrainian investment fund.
- Submix is an audio technology startup from San Francisco, USA.
- Paul Jeszenszky - co-founder and CEO of Submix.
- Petro Sovyak-Krukovskyi - investment director of Vesna Capital.
- AI - artificial intelligence.
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Discussion of the topic – Ukrainian venture fund Vesna Capital has invested $1 million in early-stage audio startup Submix
Ukrainian venture capital fund Vesna Capital has invested $1 million in the pre-seed round of financing of audio technology startup Submix, founded in San Francisco. Other investors included Angel Invest Ventures, SCNE and TSIC.
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JohnSmith
Wow, it looks like Submix is on a wave of success! 💯 Finally, a tool for remote collaboration of musicians has appeared 🎵 I wonder how exactly they coped with the problem of network latency?
EmmaGarcia
Submix is simply a revolutionary solution! 🚀 As a musician, I can say that it was often difficult to collaborate with people from other cities or countries. Now everything will be much easier! 🤘
PiotrNowak
It's cool that the Ukrainian foundation supports such ambitious projects. 🇺🇦 Submix can be a real breakthrough for the music industry, because it combines the possibilities of remote work and collaboration in real time.
GrudzaMalocher
Isn't there too much hype around this Submix? 🙄 Isn't it easier to gather in the studio and work as before? These new technologies often become just a trend and disappear quickly. Do not forget about the good old traditions! 👴
FrancescaBellini
It's brilliant that Submix solves the problem of incompatibilities between different digital audio workstations! 🎛️ How many times I had to switch between apps because of this... Now you can easily collaborate in real time! 🙌
ManuelSanchez
As a producer, I am interested in the new work opportunities offered by Submix. 🕵️♂️ Easy cooperation with talented artists from all over the world can be the key to creating truly unique projects! 🎶
SarahThompson
I heard that the founder of Submix has many years of experience in the music industry. 💿 This is very important, because he understands the real needs of musicians. Investing in his startup is a smart move for Vesna Capital. 💰
JakubWojcik
Cooperation with people from different parts of the world is also a unique cultural exchange! 🌍 Perhaps, thanks to Submix, we will hear new musical styles and directions that were previously unavailable. Looking forward to it! 🤩