PARTNER WITH ENTREPRENEURS
Stingray Digital is an innovative content provider and broadcaster focused on delivering high quality music content.
- Sector Technology, Media & Telecommunications (TMT)
- Fund Novacap Technologies III
There is a critical mass of undervalued digital music assets and companies. Stingray’s strategy is to acquire undervalued music-related assets in North America and Europe to build a global digital music company.
Stingray, with the assistance from Novacap, successfully completed 18 acquisitions. Every key strategic decision was made in collaboration with the Company’s management, Novacap and other strategic investors. Stingray is now a dominant player in its industry and has operations in over 113 countries.
Throughout the years, Novacap developed a strong relationship with the Company’s leadership. Since its investment in Stingray, Novacap supported management in many ways, including optimizing operations, providing advice on employee related matters, financial and tax structuring, as well as on sales and marketing.