Today we’re proud and happy to officially announce that Gestrument has been selected to join the Accelerate program at Sting – Stockholm Innovation & Growth. Twice a year, Sting admits 17 carefully selected companies in its startup programs Sting Accelerate and Sting Incubate.
With this admission comes an investment of SEK 400 000 from Propel Capital along with access to their 42 business angels and their networks. Companies in the Sting Accelerate Program receive tailored coaching in business development, financing and recruitment, as well as access to Sting’s broad international network of industry contacts and investors. In addition, participating companies also get access to free office space in A House, helping them build a strong community amongst contemporaries and the team at Sting.
Since its inception in 2002, Sting has coached over 270 startups, which together have a company value of approximately EUR 1.2 billion. The companies had sales of EUR 250 million in 2018 and have attracted more than EUR 450 million in private capital. Among Sting’s alumni are companies such as Yubico, Karma, Sellpy, Barnebys and Surfcleaner.
With this, Gestrument is taking the next step towards developing a more interactive future for music and music technology.
Want to know more? Shoot us a mail!
Read more about Sting and all the companies that have been selected for Sting Accelerate here: https://sting.co/en/2020/02/10/stings-17-new-companies-to-keep-an-eye-on/