Film producer Enlight has supplied $30m in series C funding in return for a 20% stake in music app developer Echo.
China-based music app Echo has secured $30m in series C funding from movie and TV show production company Beijing Enlight Media, China Money Network reported on Wednesday.
The Echo app is developed by China-based internet company Kibey, though a regulatory filing suggests the funding was secured through Cayman Islands-based entity Coveredge. Enlight’s investment valued Echo at $150m.
Launched in 2014, Echo is a smartphone app that lets users listen to music that has 3D sound effects applied to it, creating…
