Investment & Fund Management

Music Estonia, an organization founded in 2014 by 23 Estonian music companies, faced significant challenges in bridging cash flow gaps necessary for participating in collaborative European projects. The organization aimed to develop the Estonian music industry into a profitable and innovative sector that could export its services and products globally. However, the reliance on European resources for funding often meant that they needed cash upfront, as reimbursements were only available after the completion of final reports.

To address this issue, Music Estonia sought an EU-guaranteed loan from Finora Capital, which is backed by the European Investment Fund (EIF) under the EU’s Investment Plan for Europe. This tailored financial solution enabled Music Estonia to engage in several multi-national projects, including initiatives focused on building capacity for festival teams, establishing a hub for music innovation, and researching the social impact of small music venues.

As a result of securing this financing, Music Estonia has been able to create significant opportunities for its members, enhancing the visibility of the Estonian music industry and facilitating connections that could lead to more international deals. The support has not only helped sustain the organization but has also contributed to the broader cultural landscape in Estonia, reinforcing the importance of music in the region.