Music Business Worldwide
June 8, 2022
DannyBoyStyles
anotherblock, a web3 platform that lets fans invest in music by buying NFTs, has raised $2.5m (24m SEK) in a new round of funding. anotherblock joins other startups operating in the fractional music investment space like, Royal. Royal, founded by Justin Blau, raised $55 million in November and has released NFT projects from the likes of Nas , Diplo and most recently the Chainsmokers . anotherblock says that this latest round saw participation “from producers and artists”, including Grammy-winning producer DannyBoyStyles, as well as labels and publishers who participated in the startup’s previous round. anotherblock raised $1.2m in pre-seed Funding in January. anotherblock was founded in 2021 by entrepreneurs Michel D. Traore, Sebastian Ljungberg and Filip Strömsten. On the company’s website, it states that “Investing in music should be easy” and that, “by connecting music rights to NFTs, we create a smooth and secure way of buying and selling music rights”. The platform plans to offer its first NFTs later this year. “In this market, we see this as a highly encouraging sign we’re offering real value to the music business.”
Michel D. Traore, anotherblock
Michel D. Traore, CEO and Co-founder of anotherblock, said: “We’re thrilled at the range and enthusiasm of the support we’re receiving from investors. “In this market, we see this as a highly encouraging sign we’re offering real value to the music business.”
“Out of all the solutions in the music ownership and NFT space, anotherblock was the first one where the NFTs have real underlying value and utility for holders.”
Lauri Kokkila, Inventure
Lauri Kokkila, Partner at Inventure, said: “Out of all the solutions in the music ownership and NFT space, anotherblock was the first one where the NFTs have real underlying value and utility for holders. “Their team and pipeline of drops blew our mind– we believe anotherblock is truly democratizing the ownership of music for everyone.”
“I see an investment in anotherblock as an investment in another future, where power is back in the hands of creators.”
 DannyBoyStyles
DannyBoyStyles said: “anotherblock is shaping up to be an incredible partner to producers like me, professionals looking for new, empowering ways to support their creativity and build sustainable careers. “I see an investment in anotherblock as an investment in another future, where power is back in the hands of creators.”Music Business Worldwide

Web3 music investment startup anotherblock raises $2.5m

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A new ranking from Corporate Knights pinpoints the fastest-growing Canadian companies whose business activities align with the transition to a clean energy economy. CALGARY, AB, June 3, 2022 /CNW/ - At the Inventures conference in Calgary, Alberta, this morning, Corporate Knights Inc. released its inaugural Future 50 Fastest-Growing Sustainable Companies in Canada ranking. Selected from a pool of 5,115 Canadian companies (1,100 public, 4,015 private), the ranking is made up of the fastest-growing 25 publicly traded companies (selected based on year-over-year revenue growth %) and the fastest-growing 25 privately owned companies (selected based on growth % in capital raised from two most recent years of fundraising rounds) that earn more than 50% of their revenue from clean energy sources. Corporate Knights' definition of clean energy aligns with the International Energy Agency definition, which includes energy efficiency. Annual global clean energy investments have now surpassed all investments in the fossil fuel industry, with an estimated US$1 trillion invested in clean energy in 2021. Corporate Knights CEO Toby Heaps with Future 50 Advisory Panel members and Future 50 company senior representatives at Inventure$ in Calgary. (CNW Group/Corporate Knights Inc.)
Corporate Knights CEO and Editor-in-Chief Toby Heaps kicks off the Future 50 Fastest-Growing Sustainable Companies in Canada at Inventure$ in Calgary. (CNW Group/Corporate Knights Inc.)
With companies headquartered across Canada, the inaugural batch of Future 50 companies spans the clean energy spectrum, from less energy-intensive plant protein to green hydrogen and artificial intelligence energy-efficiency plays. These companies are on the vanguard of decarbonization. Among provinces, British Columbia leads with 17 companies included in the 2022 list. Corporate Knights, a Canadian media and research B Corp committed to advancing a sustainable economy, has been producing global corporate and fund rankings for nearly 20 years. While its flagship ranking profiles the Global 100 Most Sustainable Corporations in the World, the Future 50 Fastest-Growing Sustainable Companies in Canada features emerging companies whose energy and innovation leave them poised to be the market leaders of the future. Through their exceptional leadership, these 50 companies are shaping Canada's ESG (environmental, social and corporate governance) landscape to go beyond operational metrics to the core impact of a company's products and services. "All companies are now in the business of dealing with climate change. The Future 50 are full of solutions to accelerate the clean energy economy, and they are putting them on the shelf faster than any other companies in Canada. Our reason for devising this list is our belief in the success of these companies being pivotal to creating a more sustainable Canada, as well as acting as inspiration for other entrepreneurs," says Toby Heaps, founder and CEO of Corporate Knights. The Future 50 ranking includes companies that derived at least 50% of their revenue from clean energy activities that align with the International Energy Agency clean energy definition (as contained in the Corporate Knights Clean Taxonomy Database ). The average year-over-year revenue growth among publicly traded Future 50 companies was 244% in 2020/2021, compared to 43% revenue growth for the S&P/TSX Composite (which was higher than usual due to the bounce-back from the COVID dip in 2020). Meanwhile, privately held Future 50 companies saw an average growth in capital raised of 1,450%, compared to 724% for all privately held companies in Canada over their past two most recent years of fundraising rounds, according to S&P Capital IQ. While Canada is home to many game-changing innovators, the Future 50 list is a source of inspiration. Consider this year's top-ranking private and publicly traded companies: Alberta-based Eavor Technologies and Ontario-based Next Hydrogen Solutions . Eavor pulled in $63 million from its fundraising round in 2021, a whopping 17,175% growth rate from its $367,000 private placement in 2020. Eavor is delivering "the world's first truly scalable form of clean, baseload and dispatchable power" using looped water streams that tap the heat deep underground to augment solar- and wind-powered electrical grids. Next Hydrogen Solutions earned $178,000 in 2021, growing the company's 2020 revenues of $2,000 by 8,800%. It is committed to decarbonizing the global economy by reducing green hydrogen generation costs. Not only is Next Hydrogen bending this cost curve, its water electrolyzers "generate MW-scale clean hydrogen faster than traditional water electrolyzers." According to Statistics Canada , the environmental and clean technology products sector produced $67.5 billion of value for the Canadian economy in 2020, employing 322,972 people. To address the climate crisis, a vast array of solutions will be required. This year's Future 50 companies, headquartered across Canada, act as a reminder that inter-provincial collaboration will be key to lowering emissions and securing a more sustainable future. The inaugural Future 50 ranking, launched in partnership with Alberta Innovates, was officially announced at the Inventures Conference in Calgary, Alberta on June 3rd, 2022. Future 50 Advisory Panel
The Future 50 advisory panel informed the design of the criteria to determine the Future 50 companies. Céline Bak, Founder and President, Analytica Advisors
Andrée-Lise Méthot, Founder and Managing Partner, Cycle Capital
Thomas Park, Partner, BDC Deep Tech Fund
Tom Rand, Co-Founder and Managing Partner, ArcTern Ventures
Fate Saghir, Head of Sustainability, Mackenzie Investments
Vicky Sharpe, Corporate Director and Founding CEO of Sustainable Development Technology Canada
Joel Solomon, Co-Founding Partner, Renewal Funds
Caitlin Walsh, Managing Director, Private Equity Growth Equity, CPP Investment
Province HQ
About Corporate Knights
Corporate Knights Inc. is an independent media and research B Corp committed to advancing a sustainable economy that supports both people and the planet. Since 2002, Corporate Knights has published an award-winning quarterly magazine. It is distributed in The Globe and Mail, The Wall Street Journal and The Washington Post. With a circulation of more than 126,000, Corporate Knights magazine is the most prominent publication dedicated to advancing a sustainable economy. The Corporate Knights research division produces global corporate and fund rankings. Its flagship ranking is the Global 100 Most Sustainable Corporations in the World, released each year during the World Economic Forum. SOURCE Corporate Knights Inc.

13:19 EDT
Inaugural ranking reveals the Future 50 Fastest-Growing Sustainable Companies in Canada

Legaltech app Kliently selected for Time to Raise startup programme
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For eight weeks, the founders will be supported in raising money for their startups. Legaltech app Kliently, which offers legal advice via video calls, has been accepted to Time to Raise’s startup accelerator programme. Over eight weeks, ten promising, female-led startups from the Nordics will participate in the accelerator programme where the founders will be guided in fundraising and helped to connect with investors to maximise their chances of raising capital for their startups. – We are very excited that Kliently is one of the companies selected by Time to Raise and are looking forward to a packed programme where we will make important contacts and sharpen our skills for investment rounds ahead, says Nadja Hatem, CEO of Kliently. Applications for Time to Raise’s Startup programme opened in March this year. Out of 150 applicants, ten Nordic startups led by women have now been selected to participate in the eight-week programme, which focuses on raising investment. In addition to Kliently, Every, Dora, Nudgd, Boksnok, Imagilabs, Navari Surgical, Stack by me, Bumpy and Every other week are participating. More about Time to Raise
The programme has been created together with some well-established VC firms and legal partners in the Nordics, Luminar Ventures, Northzone, Icebreaker.vc, Zenith Group, Haflo, PreSeed Ventures, DLA Piper, VNTRS, Dreamcraft Ventures, VEQ, Inventure and SEB (Venture Capital). This spring’s initiative follows the great success of the first programme, which took place in the autumn of 2021. In this article:

Legaltech app Kliently selected for Time to Raise startup programme

Nigeria and Finland-based ZirooPay announced that its has raised $11.4 million to scale its POS operations across Nigeria. The fundraising was led by by Lagos-based VC fund Zrosk Investment Management. Other participants include private and institutional investors like Nordic venture fund Inventure, Fedha Capital, Exotix Advisory and individual investors like Petri Kivinen, the former managing director [...]
The post ZirooPay secures $11.4 million to grow its mobile POS platform across Nigeria appeared first on Innovation Village | Technology, Product Reviews, Business.

ZirooPay secures $11.4 million to grow its mobile POS platform across Nigeria

Tech.eu
Tech.eu Insights creates insight and guides strategies with its comprehensive content and reports. Browse popular Insights content. Anyday raises €4 million in seed round offering 'An active stance on ethical payments'
It’s not just any day at Denmark’s Anyday as it’s raised €4 million in a seed round and sets in action plans to roll out across Scandinavia. Offering an alternative to the BNPL status-quo, Anyday has raised €4 million in a seed funding round provided by Helsinki’s Inventure. The service offers a BNPL model that has zero interest, no fees, and provides a high credit line for qualified customers. Having build a successful track record with web stores, the funding is aimed to be used to further roll-out Anyday’s offer to the Scandinavian market and implement the service at in-store locations. Taking a look at the exorbitant fees imposed by most BNPL operators, Anyday founder and CEO Jonas Overgaard asked a simple question, “why?”
While many BNPL players have based their entire business model on imposing high fees, Anyday offers none of which and turns a profit by charging merchants a 3,95% transaction fee. Anyday users must front 25% of the purchase price at the time of the transaction, with three successive payments to be made. Anyday CEO Jonas Overgaard declined to comment on how the remaining payments are structured, equal amounts or otherwise. Users must meet a minimum credit score, which Anyday is reluctant to reveal exactly how they obtain citing only, "As it is now, Anyday uses a number of metrics to assess the credit worthiness of a customer. We approve around 50 % of the applications, and that is also rejecting around 50 %. Anydays business model is based on customers who can pay their purchases, so we have a strict process for approval, actually, more than the legislation requires," explained Overgaard. While the company’s copy reads, “Buy now. Pay anyday,” the key structure to this text is any day (or Anyday) and not any day, and could be seen as misleading, as Overgaard informed me, "we use our company name as a brand - and therefore the use of the word." If payments fall behind, the company reserves the right to activate a reminder fee procedure following Danish legislation . This legislation states:
A reminder fee from a private company may not exceed DKK 100 (The fee is VAT-free). A maximum of three reminders may be submitted with a fee for the same claim, and there must be at least 10 days in between. The first reminder with a fee may be sent immediately after the last timely payment day. You are not entitled to receive a certain number of reminders before the claim can be sent for collection, but you must always have sent a notice with a deadline of 10 days to pay in before the claim is forwarded. Anyday currently issues approximately 16,000 DKK (€2,100 ) per month in reminder fees and declined to comment on how many cases were then forwarded on to collection agencies. The company points to over 1,000 businesses that are now offering Anyday’s split payment concept, and quotes over 20,000 customers having made purchases this way. Figures the company aims on ramping up as it enters further afield across Scandinavia. “We had a hockey stick increase in underlying sales in the fourth quarter of ‘21, and we believe to have the technology and business model that will be part of drawing the future structure of split payment, where end consumers never pay interests or additional fees,” commented Overgaard. “Anyday stands out with a proven track record that both the merchants and consumers are ready for a new generation of split payment solutions based on a fair and simple concept. This could take the debit economy a huge step forward, and that is why we support further roll-out,” concluded Inventure’s Tuomas Kosonen .

Anyday raises €4 million in seed round offering 'An active stance on ethical payments'

Companies developing or offering products that aid in the assessment, screening, diagnosis, or monitoring of a person's state of health/wellness. Excludes companies focused solely on fitness/sports performance

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Inventure focuses on providing high-quality, reliable, and low-cost supplies to the medical imaging field.

Name	Richard Deslauriers
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Title	Founder
Status	Current

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