AmpMe Raises $8M USD ($10M CAD) To Create World’s Most Portable Sound System
Music-syncing startup AmpMe announces Series A round led by Relay
Ventures and adds YouTube as a new music source
MONTREAL–(BUSINESS WIRE)–AmpMe, the app that allows users to play music in perfect sync across
multiple devices to create one portable and powerful sound system, today
announced it has received $8 million in Series A funding. The round was
led by Relay Ventures with participation from Investissement Québec,
Slaight Music, OMERS Ventures, Townsgate Media, Anges Québec Capital and
Real Ventures. The music-syncing app also added YouTube as a new
music-streaming source enabling anyone to search for their favorite
music on YouTube and create a synced video party with friends. The free
app has achieved more than 2 million downloads since launching in
September 2015 and is available on iOS and Android.
To date, AmpMe has raised a total of $10 million USD ($12.5M CAD). Angel
investors include Nathalie Marcoux, Etienne Veilleux, Martin Ouellet,
Pierre Fleurent, Mark Britto, Dan Robichaud, Mike Cegelski, Richard
Speer, and AmpMe CEO & Founder Martin-Luc Archambault. AmpMe plans to
use the funding to hire the best talent, further invest in product
development and in the underlying technology, as well as secure
strategic partnerships.
AmpMe is also activating YouTube as an additional music-streaming source
so users can now search for anything on YouTube and play it louder,
together with friends. It
is estimated that YouTube accounts for 40% of all music listening on
the Web. The addition of this channel is critical to ensuring AmpMe
users have a full range of listening and viewing options. Partygoers can
now simply choose YouTube as a music source and then search for their
favorite video or explore curated playlists of their favorite artist or
music genre.
“We’re onto something here at AmpMe with over 2 million downloads since
our September launch and our users are clamoring for more ways to use
AmpMe in their daily lives to enjoy the music they love with friends,”
said AmpMe CEO Martin-Luc Archambault. “We are overwhelmingly positive
about the future of AmpMe and our investors share the enthusiasm in
wanting to help AmpMe become the most portable and social sound system
in the world. Now, we need to listen to our users and continue to build
features like the YouTube integration and many more cool music and
social innovations in our pipeline. I’d better stop talking now and get
back to work.”
“It’s not often that a pitch meeting turns into a party,” said John
Albright, Managing Partner at Relay Ventures. “In that conference room,
we all experienced the ‘a-ha!’ moment when we heard our favorite music
becoming louder and louder as we synced our phones to the party. We were
hooked. We love teams that think big, execute and know how to succeed.
Martin-Luc and the team he’s assembled have demonstrated all of the
above so we took notice and are proud to be on board.”
Specifications:
- Compatible with Android 4.1+ and iOS 8.0+
-
Able to synchronize an unlimited number of iOS and Android mobile
phones and tablets -
Compatible with YouTube, SoundCloud and your personal music library;
more streaming services to follow soon - Able to synchronize with Bluetooth speakers for an enhanced experience
AmpMe is available for free in the iOS App Store and Google Play:
- iOS App Store – https://itunes.apple.com/app/id986905979
- Google Play – https://play.google.com/store/apps/details?id=com.amp.android
About AmpMe:
Surround yourself with sound. AmpMe uses mobile phones to turn your
friends into a powerful sound system. Play your music in perfect sync
across multiple devices to create a powerful speaker. AmpMe is based in
Montreal, Quebec and has raised $10 million USD from leading investors
Relay Ventures, Investissment Québec, Slaight Music, OMERS Ventures,
Townsgate Media, Anges Québec Capital and Real Ventures. Bring your
music anywhere. Be the Speakers.
AmpMe respects intellectual property rights and encourages users to do
the same by having fun with their friends and families in private.
Contacts
Press Contact for AmpMe in North America:
Gregg Delman,
415-935-1804
gregg@gthreemedia.com
