Believe Digital Receive $60 million of TCV Capital Investment
Believe Digital have also purchased TuneCore last year after receiving funding from TCV, a capital venture which funded Spotify and Vice Media.
Believe Digital have also purchased TuneCore last year after receiving funding from TCV, a capital venture which funded Spotify and Vice Media.
Believe Digital, an independent digital distributor and service provider for artists and labels worldwide, has announced its acquisition of the French indie label and publishing house – Naïve. According to Believe, its 25 staffers will be retained to continue with the building of its diverse catalogue including Classical (Jean-François Zygel, Laurence Equilbey and Accentus), Jazz (Baptiste Trotignon, Hadouk Trio), Music for Youth (music for little ears series), and Pop (Jeanne Added, M83, Benjamin Biolay).
Naïve is the digital distribution home to the likes of Brownswood Recordings, Southern Fried, Hospital Records, Tru Thoughts, One Little Indian, Future Classic, World Circuit, Skint Records, Nettwerk Records, Soundway, Kartel Label Services, Xtra Mile Recordings, Saregama, Soulfood Distribution, Distri, AFM Records, Parov Stelar, K-Tel, Scorpio Music, Halidon, Chinese Man Records, Nowadays Records, Delicieuse Records, Prime Direct and Southern Record Distribution.
Naïve specialises in electronic, pop, jazz and classical music, was founded by Patrick Zelnik, Gilles Paires and Eric Tong Cuong.
Believe Digital have also purchased the DIY digital music distribution platform TuneCore last year. They have also received $60 million in capital investment from Technology Crossover Ventures (TCV) and Xange. TCV was previously the lead investor for Spotify ($250 million) and Vice Media ($250 million).
