London based music tech startup ROLI has raised $27 million. The company creates and sells net connected musical instruments and related tech including the well received Seaboard RISE keyboard.
Boulder, Colorado based venture firm Foundry Group led a $27 million Series B round in music tech startup ROLI, its first investment outside the US.
London-based BGF Ventures also joined the round alongside all the investors who participated in ROLI’s $12.8m Series A: Balderton Capital, FirstMark Capital, Index Ventures, Horizons Ventures, and Universal Music Group.
“We’ve had the opportunity to partner with companies at the forefront of Connected Health, Connected Play, and other areas where the intersection of physical and digital technologies is transforming the way we live,” said Ryan McIntyre, partner at Foundry Group. “The Seaboard is a truly expressive new instrument, and we believe this is just the first step in a breakthrough roadmap for Connected Music.”
ROLI has opened offices in New York and Los Angeles since its acquisition of Blend, the cloud-based music-sharing platform, in October 2015. While ROLI continues to grow in the US and Europe, it is also expanding internationally. Seaboards are now available in approximately 200 retail outlets in 15 countries. Seaboards purchased on ROLI’s online Store ship globally.