Fasken assisted LANDR Audio (sponsor-backed company), an artificial intelligence-based creative platform for musicians, with the conclusion of its Series B financing. This financing was driven by Sony Innovation Fund, the microphone manufacturer Shure, Investissement Québec and Fonds de solidarité, with additional investments from Warner Music, Plus Eight Equity Partners, Slaight Communications, YUL Ventures and PEAK Capital Partners. This major financing involved parties from foreign jurisdictions and various steps subject to a precise sequencing and adapted to customary practices in the area of technology company financing.
This deal is particularly complex because of the substantial structuring needed to permit high-profile institutional and strategic investors to acquire equity and incentivize management, while allowing certain shareholder groups to sell equity in three subsequent secondary rounds.
Launched in 2014 from the TandemLaunch incubator, LANDR is a Canada-born, AI-powered creative platform for musicians offering mastering, distribution and promotion services.
A Fasken team composed of Carl Bélanger, Constantinos Ragas and Gabrielle Paris Gagnon advised LANDR in this financing.
