Germany-based classical music e-commerce portal Idagio has closed a series A round at €8m ($9.4m) with backing from Tengelmann Ventures, a corporate venturing subsidiary of retail group Tengelmann.
The round also included the German city of Mülheim an der Ruhr as well as venture capital firm B-to-V Partners and undisclosed angel investors.
Founded in 2015, Idagio has built an e-commerce platform for classical music with search functionality for features specific to the genre such as composers, orchestras and conductors. The service offers 140,000 recordings and is available in more than 70 countries.
Idagio had previously raised an undisclosed amount of seed funding in 2015 from Macquarie Capital, an advisory and investment arm of financial services firm Macquarie Group, as well as B-to-V and unspecified angels.
Till Janczukowicz, founder and chief executive of Idagio, said: “With these new resources we are in a position to further establish our position as a leader in the technology sector and to strengthen our commitment to creating the world’s largest classical music catalogue.”