iZotope Garners $7,500,000 Series B Funding

  • Feed Type
  • Date
    6/23/2016
  • Company Name
    iZotope
  • Mailing Address
    60 Hampshire St., Cambridge, MA 02139 USA
  • Company Description
    Driven by a passion for audio, iZotope develops innovative products that inspire and enable people to be creative. Based in Cambridge, MA, the iZotope team has spent over 15 years developing award-winning audio production tools found in professional facilities and home studios alike. The iZotope product line focuses on Music Production, with solutions for mixing, mastering, and creative effects, and Audio Post Production, with tools that enhance audio for film, broadcast, video, and new media. Alongside the development of studio software, iZotope incubates bleeding-edge audio technology for future release, and develops rich audio education to help enthusiasts and professionals alike improve their craft.
  • Website
    http://www.izotope.com
  • Transaction Type
    Venture Equity, Debt
  • Transaction Amount
    $7,500,000
  • Transaction Round
    Series B
  • Proceeds Purposes
    The funds will be used to support the company’s continued growth and to accelerate the launch of a groundbreaking new offering. The new product line taps into the potential of modern technologies to enhance the creative experience, providing musicians with unique hardware, mobile and cloud-enabled features not currently available in the market.
  • M&A Terms
  • Venture Investor
    ABS Capital Partners
  • Venture Investor
    Undisclosed

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