Liverpool, UK base indie music publisher Sentric Music, has closed a £3m funding round led by the Business Growth Fund (BGF). The new funding will be used to expand internationally, with more funds available for acquisitions.
Launched in 2006, Sentric offers publishing, licensing and royalty collection services.
Known for its 28 day publishing contract, Sentric currently has 40 employees in UK, Germany, Netherlands and US, and represents more than 100,000 songs.
“With the support of our early investors and the songwriters we work with, Sentric has enjoyed exceptional growth during the past decade. We want to continue growing, developing and exploring new opportunities," Sentric CEO and founder, Chris Meehan, commented. “Now is the right time to bring BGF on board. Their long-term investment and minority partnership means that we can continue to implement our plans without giving up control of the business.”