Utopia Music AG

Based in Zug, Switzerland, and founded in 2016 by co-founders Mattias Hjelmstedt, Frank Gullberg, Greger Hagelin, and Bryce Wilson, Utopia Music AG operates as a provider of a music data platform that offers royalty management and data-driven services to rights holders, record labels, and music distributors. In March 2023, Believe SAS, a portfolio company of TCV, XAnge, and Fonds Stratégique de Participations, fully acquired Sentric Music Limited from Utopia Music AG for EUR 47 million. As of 2024, the company is led by its CEO, Alain Couttolenc. The company provides a music data platform that offers royalty management and data-driven services to music rights holders.

The platform’s services include royalty advances, distribution services, and AI-enhanced data analytics. Moreover, the firm offers solutions such as Heartbeat for real-time monitoring, Track'n'Claim for tracking royalties, and Radio Monitoring for airplay data. Additionally, the firm also provides services such as AI-powered data enhancement and royalty distribution. Utopia Music AG plans to enhance its service portfolio with new AI-driven products scheduled for launch in the next 12 months.

The company is targeting expansion into the Asia-Pacific and Latin American markets by the end of 2024, aiming to increase its global presence and client base. Recent funding will be utilized to support the development of these upcoming products and facilitate their entry into new regions.