How Stockholm became Global Leader in Music-Tech

For anyone who listens to music on a laptop or smartphone, there’s a good chance a Swedish firm has been behind the technology. It’s well known that Spotify and Soundcloud are firms that started life in Stockholm.

Less well known is that other services, such as Apple Music, also have their roots in the capital. Aside from the companies who allow people to stream music, Stockholm is also home to companies providing music electronics, digital music production and new firms developing smart new ways of managing music rights.These companies are now starting to attract international attention. Indeed, Stockholm’s music tech companies attracted investments of $555 million last year. That’s more than half of all investments in the entire tech sector.

Source: SwedishWire