Digital live music and entertainment platform Musixen has successfully concluded its second investment round. In this tour, all existing investors, particularly Plug and Play and Re-Pie Portfolio, participated.
London-based Platform XIT and new angel investors joined in, contributing to a sevenfold increase in its initial valuation within a year. Musixen secured a new investment of $2 million over a valuation of $20 million.
With a strategic focus on expansion in the Europe, Middle East, and North Africa (MENA) region through these new investments, Musixen has also unveiled plans to explore innovations like the avatar experience and Musixen Token, aiming to establish itself as the primary hub for music and entertainment in the rapidly evolving metaverse world.
In a statement, Musixen Founder Çağrı Bozay remarked, “The music industry is undergoing rapid transformation due to technological advancements.
As a platform, we are committed to swiftly adapting to this evolving landscape. While digitally preparing industry stakeholders for the future with innovations such as virtual reality, the avatar experience, and Musixen Token in the long term, our paramount objective is to emerge as the global leader in the music and entertainment industry.”
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