A music company in Bristol has received £20 million to globally expand its business.
Pirate Studios, owned by Bristol musicians David Borrie and Mikey Hammerton is expected to use the funding from Talis, a London-based Venture Capital Firm, to establish more studios in the UK, the US and Germany.
The business, which is based in Lawrence Hill, was established in 2015 after the pair decided to develop a space they could rent out to musicians on an hourly basis. They were able to set up the company’s first site in a deserted police station through the help of their friend, Fred Wyatt.
Pirate Studios with 350 studios across 21 cities including London, Berlin and New York, offers 24-hour self-service music studios for hire for as low as £4 an hour. David and Mikey were able to make the service very affordable by ensuring the studios are fully automated.
David, who was remarkably excited about the expansion, stated that the goal of the company is to give back power to talented musicians in an era in which technology is upsetting the order in the industry. He, on behalf of the company, pledged to support talented musicians and help them get to their desired heights.
The company also received funds from a number of prominent investors including Eric Archambeau, popular Spotify investor, and Gaw Capital – a $20 billion PropTech fund based in Hong Kong. The money will fund the development of a content-creation platform, that will give musicians total access to all their recordings.
The funding saw Eric and Matus Maar from Talis join Bart Swanson and David on Pirate Studios’ Board of Directors.