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28 January 2013

Sentric Music goes international with investment from The North West Fund for Digital & Creative

"We are delighted with the number of high quality jobs that have been created in the North West"


Chief executive of Sentric Music, Chris Meehan

Music publisher Sentric Music has tapped into international markets following investment from The North West Fund for Digital & Creative, managed by AXM Venture Capital Limited. 

Sentric Music Limited, based in Elevator Studios in central Liverpool, offers a combination of music publishing services for independent artists, established artists and catalogue owners, based on its unique online royalty collection and management platform.

The company's turnover has already significantly increased following the investment from The North West Fund for Digital & Creative in May 2012.

Since the investment, Sentric has been able to progress with its international growth plans and tap into overseas markets by securing strategic alliances with major music players such as Pledge Music, which allows artists to offer music direct to fans. Sentric has also expanded its existing relationships including its partnership with ReverbNation and Downtown Music Publishing.

Chief executive Chris Meehan and non-executive director Andy Davidson founded the company in 2006. It now acts for more than 35,000 songwriters, representing more than 130,000 tracks in the UK, USA and continental Europe.

The firm has also used the funding to strengthen its team by recruiting four full-time staff in addition to its existing headcount of 13. The new positions have enabled Sentric to provide the highest level of support to its growing customer base.

David Smith, investment director at AXM Venture Capital, said: "It has been a pleasure working with the management team at Sentric. Their reputation in the music publishing industry is growing phenomenally and we have been very impressed with the company's growth in such a short period of time.

"We are also delighted with the number of high quality jobs that have been created in the North West and remain positive for the firm's future."

Chris Meehan added: "Working with The North West Fund has enabled us to achieve our growth aspirations and become a leading international music publisher for artists and businesses alike. The application process was simple and The Fund engaged with us on a very commercial basis.

"Since investment, The Fund has been supportive of the management team, offering useful commercial insights, and giving us real value through introductions to their network in the industry."


For more information about how you may be able to access funding for your digital and/or creative business please visit  http://www.thenorthwestfund.co.uk/funds/digital-creative

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