Japan music marketplace Audiostock secures $5.8M for global subscription service

Image credit: Audiostock

Okayama, Japan-based Audiostock, the Japanese startup behind a marketplace for music composers and sound creators under the same name, has secured 670 million yen (about $5.8 million) in its latest round, according to Nikkei’s report on Wednesday. Participating investors include Susquehanna International Group, Ceres (TSE:3696), and HBCC Technology Investment.

This follows the company’s series B round back in July of 2020 and previous funding from Link-U and CiP Council in April of 2020 as well as previous rounds in March of 2018 and October of 2012.

The company has partnered with overseas companies to sell foreign-branded background music and sound effects to the Japanese market. With the latest round, the company is planning to sell Japanese music and sound effects to the global market on a subscription basis.

Previously known as Cleoguga, Audiostock was founded in October of 2007 and subsequently launched the music marketplace in 2013. The company claims that it has attracted over 10,000 amateur composers and has helped promote games and music artists.