Music publisher Sentric Music has received £3m to help accelerate its plans for international expansion as well create a strategic partnerships to help fund future acquisitions.
The backing comes from venture capital company BGF, an organisation backed by the likes of Barclay’s, HSBC and Standard Chartered.
Liverpool-headquartered Sentric Music works with more than 90,000 songwriters, providing music publishing, licensing opportunities and royalty collection services.
In addition to expanding internationally, Sentric plans to use BGF’s investment to continue to develop its products, services and platform.
Chris Meehan, Sentric founder and CEO, said: ‘With the support of our early investors and the songwriters we work with, Sentric has enjoyed exceptional growth during the past decade. We want to continue growing, developing and exploring new opportunities.
‘Now is the right time to bring BGF on board. Their long-term investment and minority partnership means that we can continue to implement our plans without giving up control of the business.’
As a platform for emerging and established acts, artists registered with Sentric's industry pioneering 28-day publishing contract include BBC Sound of 2017's tip Cabbage, double MOBO winning Shakka and the new release from indie stalwarts Bloc Party.
The service was also utilised by household names such as Bastille, Blossoms and Catfish & The Bottlemen on the journeys from their first ever songs to chart topping albums.
Visit sentricmusic.com to find out more.
The backing comes from venture capital company BGF, an organisation backed by the likes of Barclay’s, HSBC and Standard Chartered.
Liverpool-headquartered Sentric Music works with more than 90,000 songwriters, providing music publishing, licensing opportunities and royalty collection services.
In addition to expanding internationally, Sentric plans to use BGF’s investment to continue to develop its products, services and platform.
Chris Meehan, Sentric founder and CEO, said: ‘With the support of our early investors and the songwriters we work with, Sentric has enjoyed exceptional growth during the past decade. We want to continue growing, developing and exploring new opportunities.
‘Now is the right time to bring BGF on board. Their long-term investment and minority partnership means that we can continue to implement our plans without giving up control of the business.’
As a platform for emerging and established acts, artists registered with Sentric's industry pioneering 28-day publishing contract include BBC Sound of 2017's tip Cabbage, double MOBO winning Shakka and the new release from indie stalwarts Bloc Party.
The service was also utilised by household names such as Bastille, Blossoms and Catfish & The Bottlemen on the journeys from their first ever songs to chart topping albums.
Visit sentricmusic.com to find out more.
