Discogs Scores New $2.5M Investment
Online music database and vinyl marketplace Discogs has raised $2.5 million. The additional funding comes from former Warner Music Group board member Jörg Mohaupt, who will join the company's board of directors.
Mohaupt is also head of Technology, Media and Telecommunications at Access Industries, and serves on the boards of Deezer, Reform Group, ICE Group, GETT and ULE.
Discogs, short for discographies, is a website and crowdsourced database and marketplace for audio recordings, including commercial releases, promo releases and bootlegs. It's current database includes 9,250,000 recordings from 5,000,000 artists.