Beyond Music, a music investment firm headquartered in South Korea, has concluded its latest strategic fundraising round, raising a total of $170 million. This brings the company's total capital raised to nearly $400 million since its establishment in 2021. Praxis Capital, a renowned player in the content industry, led this funding round, along with several prominent limited partners (LPs) from Asia. Beyond Music aims to use the secured capital to acquire rights to timeless songs and enhance its financial strength and deal-closing capabilities for music rights holders. By adopting a "buy and build" business model, the company has already achieved success in acquiring and revitalizing large-scale, high-quality music catalogs, employing strategies such as remakes, performance marketing, and industry partnerships. This influx of capital will enable Beyond Music to expand its presence and leadership in the music investment and catalogue market within Asia and internationally.
In summary, Beyond Music, a South Korea-based music investment firm, has raised $170 million in its recent strategic fundraising round, bringing its total capital raised to nearly $400 million. The funding was led by Praxis Capital and supported by major LPs from Asia. Beyond Music aims to acquire rights to evergreen songs and solidify its position as a leading capital provider in the Asian music industry. The company's success lies in its ability to build and acquire large-scale music catalogs, revitalizing songs through various value enhancement strategies. This new capital injection will further empower Beyond Music's expansion and leadership within the music investment market, both regionally and globally.