Restorm closes financing round with ZKB and Redalpine

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05.12.2011
Restorm, a Zurich based social media platform for bands and rightclearing platform for art buyers, secured a financing round with Cantonal Bank of Zurich ZKB and Redalpine. The internet platform helps artists to earn more money and create more attention while saving time. The platform also works as a meeting point, where artists, labels, promoters, media representatives and music lovers can connect to share their music, offer gigs and tickets or talk about music.

The Restorm.com Internet platform networks musicians with their listeners as well as with event organizers and the media. A series of tools makes it easy for bands to present themselves on the web. Since May 2011, they can also sell their music at attractive terms over Restorm. This autumn the company has added another innovation; musicians will be able to very easily sell the licensing rights to their music, such as for use in ads or in YouTube videos.

Founded in 2007, the company has gone international and the platform is now available in five languages. restorm.com is growing constantly at a fast pace. Investors of the seed financing round in 2007 included BrainsToVentures, Peter Schüpbach and Redalpine. Now restorm has closed the next financing round with Zürcher Kantonalbank (ZKB) and Redalpine again. 

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