Stockholm – the Powerhouse of Sound
stockholm---the-powerhouse-of-sound_160607
stockholm---the-powerhouse-of-sound_160607
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The main creators <strong>of</strong> <strong>the</strong> <strong>Stockholm</strong> Musictech scene<br />
7<br />
” <strong>Stockholm</strong> has outpaced o<strong>the</strong>r European cities<br />
with a mix <strong>of</strong> unique cultural traditions, visionary<br />
tech leaders, globally oriented startups and smart<br />
government policies. <strong>Stockholm</strong> has produced<br />
more unicorns per capita than any o<strong>the</strong>r city in<br />
<strong>the</strong> world.”<br />
Tech Crunch, January 2016. 2<br />
<strong>Stockholm</strong>, <strong>the</strong> birthplace <strong>of</strong> <strong>the</strong> innovations<br />
that are transforming <strong>the</strong> music industry<br />
During 2015, <strong>Stockholm</strong>’s Musictech companies attracted USD 555 million in open/reported<br />
investments 3 . Total investments in <strong>the</strong> entire tech sector amounted to USD 892 million 4 , which<br />
means that Musictech got a majority share <strong>of</strong> <strong>the</strong> entire investment volume. While perhaps best<br />
known for streaming services, <strong>the</strong>re are also many o<strong>the</strong>r successful companies in <strong>the</strong> <strong>Stockholm</strong><br />
Musictech sector.<br />
Tech investments 2015<br />
USD<br />
million<br />
1000'<br />
800'<br />
600'<br />
400'<br />
200'<br />
100'<br />
0<br />
USD<br />
555<br />
million<br />
<strong>Stockholm</strong>’s Musictech<br />
companies<br />
USD<br />
892<br />
million<br />
Total investments in<br />
<strong>the</strong> tech sector<br />
” <strong>Stockholm</strong> is becoming Europe's premier tech hub.<br />
There is a startup scene here that is rivalling <strong>the</strong><br />
likes <strong>of</strong> London, Berlin and Paris as <strong>the</strong> most<br />
important tech startup hub in Europe.”<br />
Mashable, 2016. 5
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