Montreal-based AmpMe raises $10 million CAD from Relay Ventures, OMERS Ventures

ampme

Montreal-based AmpMe, an app that allows users to play music in perfect sync across multiple devices simultaneously, today announced it has received $10 million CAD ($8 million USD) in Series A funding.

The round for the company was led by Relay Ventures, with participation from Investissement Québec, Slaight Music, OMERS Ventures, Townsgate Media, and Real Ventures. The music-syncing app allows users to create their own sound system by allowing the same song to play across an unlimited number of devices. The company recently added YouTube as a music streaming service to its platform. The company indicated that it would continue to build on features like YouTube integrations.

“We’re onto something here at AmpMe, with over 2 million downloads since our September launch and our users are clamoring for more ways to use AmpMe in their daily lives to enjoy the music they love with friends,” said AmpMe CEO Martin-Luc Archambault. “We are overwhelmingly positive about the future of AmpMe and our investors share our enthusiasm in wanting to help AmpMe become the most portable and social sound system in the world.”

To date, AmpMe has raised $12.5 million CAD ($10 million USD). “It’s not often that a pitch meeting turns into a party,” said John Albright, managing partner at Relay Ventures. “In that conference room, we all experienced the ‘a-ha!’ moment when we heard our favourite music becoming louder and louder as we synced our phones to the party. We were hooked. We love teams that think big, execute and know how to succeed. Martin-Luc and the team he’s assembled have demonstrated all of the above so we took notice and are proud to be on board.”

Jessica Galang

Jessica Galang

Jessica Galang is BetaKit's News Editor.