Hi-res streaming service Qobuz raises €10m funding round
Posted on: 22 septembre 2020, by : Stuart Dredge

Qobuz is the hi-res music streaming service founded in France, which has expanded to 12 countries so far. Now it has a new funding round to fuel further growth.
The company has raised €10m ($11.7m) from existing investors Nabuboto (the holding company of CEO Denis Thébaud’s company The Thébaud Group) and Canadian telco and media corporation Quebecor Group.
Qobuz said that its revenues grew by more than 45% in its last financial year, and that it is “now pursuing a major development plan… setting up a new management team and launching a recruitment plan that is unprecedented in the company’s history”.
The post Hi-res streaming service Qobuz raises €10m funding round appeared first on Music Ally.
Source: Music ally

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