MakeMusic Raises $3 Million


MakeMusic (Nasdaq: MMUS) has completed a $3 million private placement of its common stock. The private placement includes an investment of $1.0 million made by existing shareholder SG Asset Management.

MakeMusic’s is a company dealing with music education technology. The proceeds will be used primarily for working capital and to grow subscriptions to SmartMusic, the company’s music practice system.

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