Groover, a French music promotion platform, has raised €6 million in a funding round led by Partech and Bpifrance. Groover was launched in 2018 by Romain Palmieri, Rafael Cohen, and Dorian Perron. The platform connects independent artists with media and music professionals, allowing them to submit their tracks for review and receive feedback within a week.
With this new funding, Groover plans to expand internationally and scale its Groover Obsessions program, an acceleration program for independent artists to help them develop their careers and better monetize their music.
Groover currently has nearly 70,000 independent artists registered on its platform in over 100 different countries. In addition to its music promotion services, Groover also provides data analytics tools to help artists track the performance of their music.
Partech and Bpifrance are leading venture capital firms that invest in innovative, high-growth companies. Partech has over €2 billion under management, while Bpifrance has over €7 billion under management and is backed by the French government.
2CFinance provided financial due diligence for the Groover funding round. 2CFinance is a transaction services firm that specializes in mergers and acquisitions, fundraising, and financial advisory services.
This funding round is expected to help Groover continue its growth trajectory and strengthen its position as a leading music promotion platform for independent artists.