Rosemont Group CEO Freddie Achom Confirmed the Sale of its Portfolio Company JustGo to TuneCore
LONDON, October 26, 2016 /PRNewswire/ --
Rosemont Group Capital Partners' CEO Freddie Achom has confirmed the acquisition of its social media management business, JustGo by TuneCore. Details of the deal were not disclosed but TuneCore itself was acquired by French Media Company Believe Digital just last year.
JustGo launched in 2013 by founder Justin Golshir, raising $1.7 million in venture capital led by Freddie Achom's Rosemont Group Capital Partners. The company quickly positioned itself as a dominant force in social media management in the music industry launching its beta exclusively focused on the fast growing electronic dance music industry.
The pioneering social media audience management platform for musicians was represented in more than 165 countries and had a combined social media audience of more than 120 million fans throughout the world.
TuneCore announced the acquisition of JustGo last week and will re-launch the platform as TuneCore Social, an all-in-one social media management and analytics tool for musicians that is free to use for all of its distribution customers in the U.S., Canada, UK and Australia markets.
"I am pleased to confirm the acquisition of one of our portfolio technology companies, JustGo by TuneCore," says Freddie Achom "Our aim is to work closely in realising the dreams of the entrepreneurs and visionaries we select and of course to make a return on our investment. We have done so in a relatively short space of time with JustGo and for that we thank Justin and his team."
As part of the acquisition, JustGo's Founder and CEO, Justin Golshir will join the TuneCore team and lead the integration and help expand TuneCore's artist services product offering. The addition of this product furthers TuneCore's commitment to provide artists with the resources needed to grow their careers and get their music heard by more people around the world.
"One of the biggest difficulties that founders have in the music industry is finding investors that understand and truly believe in the vision and not just the potential for return on investment. We were fortunate to find that in Rosemont Group and its CEO Freddie Achom. His advisory and objective outlook has made this moment possible," says Justin Golshir, " With JustGo, our mission has always been to help emerging musicians grow their fan base and get their music heard around the world. TuneCore does exactly that through its large catalogue of digital music partners and vast portfolio of artist services, so now with TuneCore Social, we can achieve that mission on a much larger scale."
ABOUT ROSEMONT GROUP CAPITAL PARTNERS:
Rosemont Group Capital Partners is an early stage venture capitalist firm co-founded in 2003 by British entrepreneur and venture investor Frederick Achom. Its portfolio is as wide ranging as digital technology, biotechnology, solar technology, financial services, land and property development to more high profile ventures in the entertainment sectors. Rosemont Group is headquartered in London with international offices in New York and Mumbai.