Snowite SAS

In the complex and rapidly evolving world of digital music, a French company named Snowite emerged to solve a critical problem. It positioned itself as a software publisher offering a multi-platform solution to manage music content. The company developed a Software as a Service (SaaS) platform designed to act as a trusted third party between the owners of musical content, like major record labels, and the digital platforms, such as websites and applications, that stream music to users. The core of Snowite's business was to provide the tools for the secure delivery of music and to automate the complex process of data reporting for sales and royalties to institutions like SACEM. This addressed a significant pain point in the industry, ensuring artists and rights holders were compensated correctly while enabling digital services to offer music legally and efficiently. Recognizing the potential for growth, Snowite sought outside investment. In 2011, the company completed its first funding round with the investor SIGMA GESTION. This initial capital injection allowed the company to establish its presence in the market. As the digital music landscape continued to expand, Snowite went for a second round of funding in September 2014, securing capital from STARQUEST GESTION, with the continued participation of SIGMA GESTION. This move was aimed at financing the company's strong growth and solidifying its role as a key mediator in the digital music industry.