Yamaha set to launch new $50 million music tech investment fund

Japanese instrument maker Yamaha plans to launch a new $50 million music tech investment fund this year.

The Yamaha Music Innovations fund, which was announced in December, plans to invest $50 million into music and audio startup companies.

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According to Yamaha, the CVC fund will invest in startups with "unique strengths in their respective fields of expertise" — this includes existing instrument and audio equipment businesses, as well as newer areas with links to the music industry.

The new business areas the instrument maker aims to invest in include companies that focus on "streaming services, fan communities, labels, rights, AI for video and music production and support for creators."

Yamaha will also look to startups across entertainment, education, arts, media and wellbeing for potential investment.

According to a press release, the fund will aim to create innovations that will contribute to the "well-being of people around the world" through sound and music.

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The fund was created by the Yahama Music Innovations business development base in Silicon Valley, California.

Launched in April last year, the base was created to strengthen "development and enhance sustainable growth" for businesses and local startups, per Silicon UK.

Henrietta Taylor is Mixmag's Digital Intern, follow her on Twitter