Beirut-Born Music Tech Startup Band Industries Secures $2.8 Million Investment

Band Industries, an award-winning music tech startup based in Beirut and Seattle, has raised an impressive $2.8 million Series A round. Specialising in creating inventive music toolkits, the startup’s investment was led by Beirut-based VC firm Cedar Mundi Ventures, and joined by other Lebanese firms iSME, B&Y Venture Partners and Berytech Fund II, as well as US-based SOS Ventures.

Spurred by their combined love of music and tech, founders Hassane Slaibi and Bassam Jalgha provide music edtech hardware for budding young musicians. The startup first gained worldwide traction with it’s very first product, the Roadie Automatic Instrument Tuner. The innovative product was recognised by international platforms and received multiple accolades, including the TechCrunch Disrupt 2014 Audience Choice Award. 

“The world of music is full of possibilities. This great human endeavor brings millions of people together all over the world and gives them a common language,” says Slaibi, co-founder and CEO. “We want as many people as possible to enjoy more time playing music and get inspired by our tech!” 

Other Band Industries products have also received a stamp of approval from the likes of BBC, The Verge, The Huffington Post and Wired, for feeding into the overall goal of allowing musicians to find and form their own sound. Band Industries plans to use this recent investment to expand its current product portfolio, and continue to aid musicians on their journey to seamlessly create and express their sounds with cutting-edge technology. 

“Band Industries is a fast-growing startup, with a strong development model. Hassane and Bassam are passionate entrepreneurs, developing smart devices and software disrupting the EdTech space, a vastly underserved market with identifiable pent-up demand,” says Bassel Attieh, Managing Partner of Cedar Mundi Ventures. “We are very happy to partner with such Lebanese talents and further accelerate their expansion plans.”