MAVA Members ABS Capital, Comerica Bank Infuse $7.5 mln into iZotope

iZotope, Inc., makers of award-winning tools for audio production, today announced $7.5 million in new financing comprised of equity and debt. The $2.5 million Series B round was led by existing investor ABS Capital Partners, a leading investor in later-stage growth companies, with participation from individual investors. The new investment also includes a $5 million debt facility from Comerica Bank.

The funds will be used to support the company’s continued growth and to accelerate the launch of a groundbreaking new offering. The new product line taps into the potential of modern technologies to enhance the creative experience, providing musicians with unique hardware, mobile and cloud-enabled features not currently available in the market. Building on iZotope’s tradition of industry leadership, the new line will change the way musicians create, record and collaborate on their music.

ABS Capital Partners logo.