Stockholm, May 16, 2006 – The Swedish Venture Capital firm Provider Venture Partners invests 30 million SEK (3.2 million Euro) in the digital music company Musicbrigade.
Founded in 1999, Musicbrigade has become one of the leading players on the fast growing digital music market in Europe. Recently the company expanded its offering to comprise downloading of music video and audio on both web and mobile platforms.

“The music industry is rapidly shifting towards digital distribution, moving away from traditional formats. We believe that the market is going to demand a one-stop-shop for all digital music online, including audio and video, and for all types of technical devices. With its strong offering and distribution strategy, Musicbrigade has an excellent position to expand further on the European market, says Richard Hellekant, Investment manager at Provider”.

Musicbrigade has one of the largest digital music video libraries in the world and distributes its service offering...