Canada-based media company Intertainment Media has taken a 20% stake in Tunezy, a social platform for music.
The investment on April 10 follows Tunezy winning an entrepreneurship competition at the National Business & Technology Conference.
David Lucatch, CEO of Intertainment, said: "Intertainment Media is focused on making strong investments in socially-focused companies where we see a smart team and robust technology combined with a quality market opportunity to change the status quo. We believe Tunezy can drive deeper social engagement between musicians and their fans, which will help grow the platform into a real force in the independent music industry."