Auddly AB

Auddly AB is a music technology company specializing in innovative collaboration solutions for musicians, songwriters, and producers, enhancing the creative process through digital tools. Founded in 2012 and headquartered in Stockholm, Sweden, Auddly AB focuses on music collaboration solutions. In February 2017, the company raised SEK 20 million in venture funding from ALMI Invest and individual investors. The company's operations have been stable, with no noted pivots or changes in strategy since inception.

Auddly AB has completed a total of 3 deals, with the most recent funding round occurring in 2017. Auddly AB's primary offering is Session Studio, a music collaboration app that enables musicians, songwriters, and producers to create, store, and share their ideas in a secure environment. The platform simplifies the management of song credits and the organization of creative projects, catering to a wide range of users from aspiring artists to established professionals across multiple markets including the United States and the United Kingdom. In 2022, Auddly AB reported a revenue of SEK -99,992.

3 and an EBITDA of SEK -129,027. 9, reflecting the company's financial challenges during that period. Auddly AB plans to utilize its recent funding of SEK 20 million to enhance the development of Session Studio and to explore new product features aimed at improving user experience. The company is also targeting expansion into additional markets, particularly in Europe and North America, with an expected timeline for growth initiatives to be outlined in 2023.