Deezer has Just Announced it has Raised 6.5 Million Euros and Created the Odyssey Music Group

Deezer has Just Announced it has Raised 6.5 Million Euros and Created the
Odyssey Music Group

PARIS, October 12 /PRNewswire/ -- Deezer has just announced that it has
raised 6.5 million Euros. This capital was formed using funds from AGF
Private Equity and CM-CIC Capital Prive, thus joining the historic
shareholders who make up the DOTCORP funds . This second fund-raising brings
the company's total working capital to 12 .2 million Euros since its creation
in August 2007.
Guillaume Lautour, partner of AGF Private Equity, is joining the
company's board of directors. With over 10 million users in Europe, including
6 million in France and more than one million downloads of its mobile phone
apps, Deezer has become the most popular music site in Europe. "We are
delighted to welcome the assistance of AGF Private Equity and CM- CIC Capital
Prive in the Deezer adventure. Their experience in the Media and Internet
sectors is decisive in the continuation of our business. This equity
validates our position and strategy. We are henceforth prepared to continue
with our development using state-of-the-art models in all European
countries", noted Jonathan Benassaya and Daniel Marhely.
Guillaume Lautour, Partner, AGF Private Equity added: "Deezer is an
amazing company and one of the few players capable of deploying its model
globally for the benefit of users and production companies with whome it is
actively collaborating. The company is focussing on the medium term and this
pool of funds is just one more step in that direction". Stephane Pesque,
Board Member of CM-CIC Capital Prive commented: "Deezer has quickly become
the leader in the on-line music market. Being involved in this adventure and
supporting Deezer in its development is a great opportunity".
In this context, Deezer is continuing its strategy for growth and has
announced the creation of Odyssey Music Group (OMG), its parent company. OMG
will support production activities and some technological developments,
especially those linked to mobility. Deezer remains an independent
publication held by Blogmusik SAS. This strategical move positions OMG as a
Media and Technological Group which will allow it to capitalise on all of its
expertise.
About AGF Private Equity:
AGF Private Equity, a subsidiary of the Allianz Group, is one of the most
active risk capital investors in Europe. With 500 million Euros under its
management, AGF Private Equity has funded more than 80 companies over the
last decade and is a leading investor in twenty Internet companies including
Meetic, Dailymotion, Viadeo, Telemarket and Criteo.
http://www.agfpe.com
About CM-CIC Capital Prive:
A subsidiary of CIC Finance, CM-CIC Capital Prive is a company that
manages Mutual Innovation Investment Funds (IIF) and Local Investment Funds
(LIF) for the Credit Mutuel-CIC Group. On 30 June 2009, it was managing 360M
Euros distributed among ten IIFs and eleven LIFs. As part of its IIF
management, CM-CIC Capital Prive supports innovative companies including:
Spartoo, Nexway, Travel Horizon, Canal CE, Tekka, Digitck, Metrixware,
Kadrige.
http://www.cmciccapitalprive.com
SOURCE Deezer.com

Press Contact: Deezer, Sophie Samama, Tel: +33(0)1-55-80-69-02, Mob:
+33(0)6-71-50-62-01, M: ss@deezer.com