Digital piracy specialist MUSO has raised $4.5 million in an extension of its $3.2 million 2017 Series A with Harwell Capital. The new investment will be used to expand the company’s efforts in the digital media, gaming and live broadcast sectors.
MUSO’s technology removes unlicensed digital content and provides data about the pirates. The company tracked 190 billion visits to piracy sites in 2018. Clients include Sony Interactive, IMG, Entertainment One, Vertical Entertainment and EUIPO.
The company was co-founded by Grammy-nominated music producer Andy Chatterley, who has written and produced songs for Kylie Minogue, Muse, Blondie and others.
"Since Harwell Capital’s first investment round nearly two years ago, Andy and the team have delivered significant value to existing and new clients including global leading corporate businesses and trade bodies, transformed the Board to include high-profile growth stage veterans, and expanded the product range and application to significantly ratchet their addressable market," said Daniel O’Brien, Managing Director at MUSO investor Harwell Capital. We remain supportive backers.”
“Harwell has been a hugely supportive investment partner, who provide far more than cash alone to the company,” added Andy Chatterley, CEO and co-founder of MUSO. “They understand our vision and objectives and bring significant advice and acumen to ensure we can execute on our continued growth plans in a most exciting market.”