VC firm Provider invests in digital music company
Stockholm, May 16, 2006 – The Swedish Venture Capital firm Provider Venture Partners invests 30 million SEK (3.2 million Euro) in the digital music company Musicbrigade.Founded in 1999, Musicbrigade has become one of the leading players on the fast growing digital music market in Europe. Recently the company expanded its offering to comprise downloading of music video and audio on both web and mobile platforms. “The music industry is rapidly shifting towards digital distribution, moving away from traditional formats. We believe that the market is going to demand a one-stop-shop for all