Enote, a German startup which has developed an interactive sheet music app, has raised €10m in a pre-series A funding round led by Dieter von Holzbrink Ventures (DvH Ventures), the European Innovation Council (EIC) Fund and the Rudolf Fuchs Family Office.
The investment will allow the company to continue developing Optical Music Recognition (OMR), which converts sheet music into digital format. Boian Videnoff, co-founder of Enote and chief conductor of the Mannheim Philharmonic, said the investment reflects the ‘enormous business opportunity’ of the undigitised sheet music market, and also the importance of democratising access to sheet music for millions of people.
The EIC Fund invested because the combination of cultural significance and cutting-edge AI methods made Enote an ideal candidate, according to Hermann Hauser, board member at the Fund.
The new funds will be used to support innovations in the app, empower educators and expand the library.
