The future of public funding for the arts may seem bleak, but private investments for artistic ventures are still active. According to a press release last week, Chromatik (a digital sheet-music publisher) was recently acquired by TakeLessons (an online marketplace for personalized classes) for an undisclosed amount.
Chromatik, a small company according to the San Diego Tribune report, employs six people but has raised $7.9 million since its founding in 2010—with backing from pop sensation Bruno Mars. Other investors (prior to the acquisition) included Rustic Canyon Partners, Learn Capital and Plus Capital.
According to TakeLessons’ press release, the merger will allow both companies to “connect with the best online and local instructors and build friendships with other lifelong learners.” Chromatik users will also be authorized to use TakeLessons Live, an online system that boasts having over 200 live online classes each month.
Though visitors to TakeLessons will see plenty of non-music material on the platform, CEO, Steven Cox still affirms that the foundation of the platform is music. “Our roots were planted in music as our first category, so we are very happy to welcome Chromatik members,” he says.
