Delic

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City: Edinburgh

State: Edinburgh, City of

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Country: United Kingdom

January 20th, 2020 Edinburgh based Delic recently closed a £250,000 pre-seed round, led by Velocity EIS Technology Fund. Velocity joins the board as a Director. Previous investors include business angels, an institutional fund and Innvotec. Delic is a smart, fair, release management platform for musicians, producers, labels and management companies. It will provide progressive asset and rights management services using digital and blockchain technologies. Delic will allow users to take ownership of their catalogues, from stems to sync and remixes, in its fully integrated and scalable platform. Optimising music catalogues will become an enlightening and efficient process, with full transparency and real time accountability for the assets and funding. Delic will be the new digital hub for the music business. ‘We are delighted to be part of the next growth phase of Delic, a company that is truly solving a major problem in the industry’ Rajeev Saxena, CEO of Velocity ‘We are pleased to have Velocity come on board. This infusion of capital will enable us to accelerate our rate of technical development, and bring our platform to the global community of music creators at the start of this year. Along with the funding, Velocity brings significant experience in growing businesses, and a strong understanding of the music sector. We look forward to a long and fruitful relationship.’ John Maxwell Hobbs, CEO of Delic

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