ANote Music
ANote Music is a Luxembourg-based fintech operating a regulated online marketplace that enables retail and professional investors to buy fractional shares in music catalogues and earn passive royalty income, serving ~45,000+ investors across Europe.
- Company typePrivate
- Founded2020
- HeadquartersLuxembourg, Luxembourg
- Headcount11–50
- GTM typeB2B and B2C
- OfferingDigital Commerce or Content
What ANote Music does
ANote Music (ANote S.A.) is a Luxembourg-based fintech founded in August 2020 that operates a regulated online marketplace for fractional investments in music royalty streams. The platform enables retail and professional investors to buy, sell, and trade shares in curated music catalogues through a primary auction mechanism and a continuous secondary market, with proportional royalty payouts distributed to shareholders from streaming, radio, TV, and other sources. The technology stack consists of a proprietary web-based trading platform (app.anotemusic.com) supported by native iOS and Android apps, hosted on AWS for GDPR-aligned data protection, with all payments and segregated investor e-wallets managed by Mangopay S.A., a CSSF-supervised e-money institution.
ANote serves three customer segments: retail individual investors seeking alternative uncorrelated assets (45,000+ users across Europe), professional investors and family offices accessing structured products and private placements, and music rights holders (labels, publishers, artists) seeking partial catalogue monetisation. Revenue is generated through transaction fees on secondary market trades and primary auction commissions, supplemented by structured product mandates for institutional clients; specific fee schedules are not publicly disclosed. The platform has processed over €12 million in cumulative trades, distributed more than €2 million in royalties to investors across 300+ payouts, and reached ~10% annualised royalty returns since launch.
The company has raised €3.3 million+ in cumulative venture funding across multiple rounds since 2019, including grants and equity from Luxinnovation and the Luxembourg Ministère de l'Économie. It maintains advisory relationships including Mathew Knowles (father of Beyoncé), and earns media coverage in Forbes, Nasdaq, Rolling Stone, BBC News, Wired, and Music Business Worldwide.
ANote Music firmographics
Firmographics- Name
- ANote Music
- Legal name
- ANote S.A.
- Website
- https://anotemusic.com
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- ANote Music is a Luxembourg-based fintech operating a regulated online marketplace that enables retail and professional investors to buy fractional shares in music catalogues and earn passive royalty income, serving ~45,000+ investors across Europe.
- Ownership category
- akta.pro rank
ANote Music industry classification
Industry- Product category
- Music Royalty Investment Marketplace
- NAICS
- Music Publishers (512230)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Royalty Financing, Advances & Securitization (Catalog Finance) (MPAIAKAH)
- akta.pro secondary industries
- Music Rights Administration & Royalty Processing (Admin, Accounting, Statements) (MPAIAKAD), Royalty Analytics, Forecasting & Valuation Services (MPAIAKAG)
Keywords
Where ANote Music is headquartered
LocationHeadquarters
- HQ city
- Luxembourg
- HQ country
- Luxembourg
- HQ region
- Europe
Offices1 record
Markets served
ANote Music business model
Business model- GTM type
- B2B and B2C
- Offering type
- Digital Commerce or Content
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- Secondary Market Trading Commissions: Investors can buy and sell catalogue shares on the secondary market every day during market opening hours. The platform earns transaction fees on each trade executed between users. In 2024, over €12 million in trades were executed on the platform, with over €7 million in secondary market transaction volume in 2025 alone. Over 117,000 transactions were processed in 2024.
- Primary Market Auction Fees: New music catalogues enter the platform through an auction phase where investors place bids for shares. The platform charges commissions on shares successfully bought in auction, with reduced commissions offered on future royalty distributions for auction buyers.
- Institutional Structured Products: ANote Music launched structured products for institutional investors seeking music royalty exposure as an alternative asset class, providing tailored solutions including customized packages for liquidity strategies and exclusive private placement opportunities for professional clients and family offices.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Retail Investor — Self-Serve Platform |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels6 records
ANote Music product offering
Product offeringCore offering
ANote Music operates an online marketplace where music rights holders list fractional shares of royalty streams from established catalogues, and investors buy, hold, and trade those shares to receive proportional royalty payouts from streaming, radio, TV, and other sources. The platform combines a primary auction mechanism for new catalogue listings with a continuously operating secondary market for trading existing share positions, supported by rigorous financial and legal due diligence and automated royalty distribution.
Product overview
ANote Music is a single-platform investment marketplace (not a multi-module architecture) that enables retail and professional investors to buy, sell, and earn income from music royalty interests. The core ANote Music Platform serves as the primary interface for discovering catalogues and managing investments, while the integrated Secondary Market enables peer-to-peer trading of catalogue shares for liquidity. Supporting offerings include the Mobile App for on-the-go access, the Backstage Pass loyalty program for cashback rewards, Professional Investor Solutions for institutional clients, and a Referral Program. The ANote Music Royalty Index provides internal performance benchmarking. All offerings are interconnected components of the same unified platform experience.
Differentiator
Problem solved
Functional benefit
Products and services
- ANote Music Platform A Luxembourg-based online marketplace that enables retail and professional investors to discover, purchase fractional shares in, and earn royalty income from established music catalogues, functioning as a stock exchange for music rights.
- Secondary Market A peer-to-peer trading venue where investors can buy and sell catalogue shares daily during market opening hours, providing liquidity and price discovery for music royalty interests.
- ANote Music Mobile App iOS and Android mobile applications enabling investors to manage their portfolios, track royalties, browse catalogues, and trade shares on mobile devices with the same functionality as the web platform.
- Professional Investor Solutions Tailored investment packages for professional clients and family offices, offering customised liquidity strategies, exclusive private placement opportunities, and personalised consultations for alternative asset allocation in music royalties.
Quantifiable outcome
- 10.72% annualised royalty return (Royalty Index, Aug 2020 – May 2026)
- +6 more outcomes
Companies that use ANote Music
Customer profileNamed customers6 records
Segments3 records
Ideal customer profiles3 records
ANote Music technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature4 records
ANote Music partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- Amazon Web Services (AWS)coreANote Music uses Amazon Web Services (AWS) for cloud infrastructure hosting, enabling compliance with European data protection laws. AWS provides customers with compliance measures including Data Processing Addenda with Model Clauses approved by the Article 29 Working Party, ISO 27001, SOC 1/2/3, and PCI DSS Level 1 certifications, ensuring high levels of security and data protection for ANote Music's platform infrastructure.
- Music Rights Holders (Artists, Labels, Publishers)coreANote Music works with established music rights holders — including record labels, publishers, and artists — who decide to sell a portion of royalties from their existing catalogues. The company conducts rigorous financial and legal due diligence on all listed catalogues. Rights holders retain full creative control over their music while gaining access to capital and a broad investor base. Examples of artists whose catalogues are available on the platform include Beyoncé, Drake, and The Kinks.
Scale indicators11 records
Recent moves6 records
Expansion highlights5 records
ANote Music competitors and assessment
Company assessmentDirect peers
- Royalty Exchange: Largest US-based online marketplace for buying and selling music royalties, operating a similar auction-based model for fractional ownership of catalogues. It is the closest direct competitor to ANote Music, serving retail and institutional investors with primary and secondary market functionality.
- SongVest: US platform enabling fans and investors to buy fractional shares in music royalties and song royalties. Operates a similar marketplace mechanism to ANote, including secondary trading, and targets a comparable retail-investor audience.
Broad incumbents
- Hipgnosis Songs Fund: London-listed investment fund (now part of Alchemy Copyrights) that acquires music catalogues and IP rights. Although an institutional acquirer rather than a retail marketplace, it is the most prominent buyer of music royalties globally and shapes the supply side of the asset class ANote serves.
- Primary Wave Music Publishing: Major independent music publisher and IP acquirer managing catalogues from iconic artists. Competes with ANote on the catalogue acquisition side and represents the type of institutional buyer ANote's rights-holder customers often transact with directly.
- Reservoir Media: Publicly-traded music publisher with a sizeable catalogue and rights-management operations. A relevant incumbent peer as it both competes for catalogue acquisitions and operates in adjacent royalty-administration services.
- Believe Digital: Global music distribution and artist services company listed on Euronext Paris. While primarily a distributor rather than a royalty-investment venue, it is a key intermediary in the music-rights value chain and operates across the same European geography as ANote.
- Kobalt Music Group: Independent music publisher and rights-administration platform serving songwriters and catalogues. Comparable to ANote in its technology-driven approach to music rights, though focused on publishing administration rather than fractional investor marketplaces.
Emerging players
- Vampr: Music-tech platform focused on artist collaboration and emerging creator monetization. While not a royalty-investment marketplace, it operates in the same music-tech category and shares a similar target audience of music-interested retail users.
- Masterworks: US fintech that fractionalized fine-art investing and has expanded into music royalties (Masterworks Music). Uses a similar SEC-regulated offering structure and targets retail investors with alternative-asset exposure, making it an analogous platform-business peer.
- Republic: Retail investment platform offering fractional private-market deals including music royalties and entertainment assets. Competes with ANote for retail investor attention in the alternative-asset investing space and shares a similar product-led, self-serve model.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
ANote Music social profiles
Digital presenceANote Music compliance and trust
Trust signalCompliance2 records
ANote Music financial estimates
Financial estimateRevenue estimate
Valuation estimate
ANote Music leadership team
Management profileNumber of profiles
Profiles4 records
ANote Music funding detail
Funding detailFunding overview
Funding rounds9 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ANote Music M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ANote Music
What does ANote Music do?
ANote Music operates an online marketplace where music rights holders list fractional shares of royalty streams from established catalogues, and investors buy, hold, and trade those shares to receive proportional royalty payouts from streaming, radio, TV, and other sources. The platform combines a primary auction mechanism for new catalogue listings with a continuously operating secondary market for trading existing share positions, supported by rigorous financial and legal due diligence and automated royalty distribution.
Is ANote Music a public or private company?
ANote Music is a private company. It is classified as venture growth investor backed and is currently operating.
When was ANote Music founded?
ANote Music was founded in 2020. It employs 11 to 50 people.
Where is ANote Music based?
ANote Music is headquartered in Luxembourg, Luxembourg, in the Europe region.
How does ANote Music make money?
Three revenue lines are on record. Secondary Market Trading Commissions are the primary driver. The others are primary Market Auction Fees and institutional Structured Products.
Who are ANote Music's main competitors?
Direct peers on record are Royalty Exchange and SongVest. Broad incumbents are Hipgnosis Songs Fund, Primary Wave Music Publishing, Reservoir Media, Believe Digital and Kobalt Music Group. Emerging players are Vampr, Masterworks and Republic.
Does ANote Music have an API?
No public API is recorded for ANote Music.
What industry is ANote Music in?
ANote Music's product category is Music Royalty Investment Marketplace. Its primary akta.pro industry code is MPAIAKAH, Royalty Financing, Advances & Securitization (Catalog Finance), with a secondary code of MPAIAKAD, Music Rights Administration & Royalty Processing (Admin, Accounting, Statements). Its NAICS code is 512230 and its SIC code is 6200.