HomeFinland-StartupsFinnish music discovery site Hitlantis receives $1.5 million to expand into new...

Finnish music discovery site Hitlantis receives $1.5 million to expand into new markets

Hitlantis, the Finland-based discovery platform for indie music, has just closed a round of angel funding worth $1.5 million (Update – January 2023: The startup seems to be no longer in business under this name and we therefore deactivated the link).

The list of investors who participated in this round is long, mainly consisting of Finnish investment companies and individuals. The fresh capital will primarily be used for the company’s product development and their expansion into new markets.

The music platform Hitlantis can be used using an iPhone, iPad or a regular web browser, with an Android version to be added soon. Hitlantis content is shown as circles of various sizes and colours, arranged around a larger, open circle in the middle of the screen. More popular music artists are closer to the middle and less popular artists closer to the edge. Artists with larger catalogs are represented through larger circles, and artists of the same genre are situated together. This makes the discovery of new indie music real more visual, interactive, and fun.

Hitlantis was founded in 2009 by Petri Kotro and Timo Poijrvi and has currently over 5,000 bands on its platform. The free music streaming service monetizes through music sales and premium band accounts.

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Thomas Ohr
Thomas Ohr
Thomas Ohr is the "Editor in Chief" of EU-Startups.com and started the blog in October 2010. He is excited about Europe's future, passionate about new business ideas and lives in Barcelona (Spain).

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