OD2 to benefit from £4m extra backing

Professional Adviser
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A further £4m of backing has been raised for European online digital music distributor On Demand Dis...

A further £4m of backing has been raised for European online digital music distributor On Demand Distribution (OD2) via an international investment consortium that includes Quester VCT. The extra financing takes the sum raised since the company's inception in November 1999 to £6.5m. It will allow OD2, which was co-founded by musician Peter Gabriel and IT specialist Charles Grimsdale, to continue to develop and expand its offering. OD2 works with major online retailers to provide a secure distribution service for the sale and subscription of music over the internet, in which it has a ...

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