Midnight Wave Secures Seed Investment From Mashup Ventures and Schmidt

Midnight Wave, a comprehensive entertainment company based on music intellectual property, has secured seed investment from Mashup Ventures and Schmidt. The funding draws attention because it gives the company a growth base around its music IP-centered business model. Midnight Wave has been developing entertainment businesses using music IP and plans to expand its commerce business this year. The investors are Mashup Ventures and Schmidt, both known for backing early-stage companies. With this seed investment, Midnight Wave is expected to broaden its music IP-based business area and accelerate its commerce expansion. Source: mk.co.kr