UK-based indepndent music company AEI Music, which is behind electronic music brands and labels including Drum&BassArena, UKF and NCS, has launched a new investment arm called AEI Ventures.
MBW understands that AEI Ventures plans to invest a seven-figure sum over the next three years.
AEI says that the fund aims “to support the next generation of founders in the music and hospitality industries”.
According to a media statement, AEI Ventures will focus on “investing in companies created by those with little experience in the traditional music and hospitality industries”.
Emphasis will also be placed on working with those from historically excluded or marginalised backgrounds.
AEI Music says that AEI Ventures funding has been raised by “reinvesting profits from AEI Music”.
Founders and businesses backed by AEI will also receive mentorship, peer support and funding.
AEI Ventures launches two years after the opening of shared workspace and production studios The Halley, in East London
The hub will also serve as an incubator for potential AEI Ventures investment.
Celebrating 25 years of business this year, AEI was founded by James Cotterill and Diluk Dias following the launch of the online drum & bass website and community Drum&BassArena by Cotterill two years earlier. AEI is a certified B Corporation.
“We’ve always found the most success when working with those that come from outside of the traditional sectors we operate in, whether that’s founders or even our internal staff.”
Diluk Dias, AEI Music
Diluk Dias, co-founder & CEO at AEI Music, said: “We’ve always found the most success when working with those that come from outside of the traditional sectors we operate in, whether that’s founders or even our internal staff.
“With the launch of AEI Ventures, we’re expanding this approach beyond the niche dance music industries we’ve traditionally operated in, to bring more outsiders inside across music and hospitality.”
“The launch of AEI Ventures is a crucial next step in our mission to transform the culture of the music industry.”
Sarah Cole, AEI Music
Sarah Cole, Chief Operating Officer at AEI Music, added: “The launch of AEI Ventures is a crucial next step in our mission to transform the culture of the music industry.
“For too long, the access needed to get a foot in the door or investment to reach the next level has been limited for many communities. We are excited to play a part in changing this.”
Music Business Worldwide
Stay connected with us on social media platform for instant update click here to join our Twitter, & Facebook
Denial of responsibility! NewsAzi is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.
