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Gear4Music raises funds to the tune of £4.2m

Gear4Music raises funds to the tune of £4.2m

Online instrument retailer Gear4Music has announced a £4.2m fundraising mission to accelerate expansion plans.

Gear4music (Holdings) plc, the largest UK based online retailer of musical instruments and music equipment, is pleased to announce the successful completion of the Placing announced on 18 May 2017.

Andrew Wass, Gear4music’s Chief Executive Officer, said:

“We are delighted with the level of support for our oversubscribed fundraising. We would like to take the opportunity to welcome new shareholders onto our register as well as thank our existing investors for their continued support. We look forward to putting the funds raised to work in the Group in executing our organic growth strategy for the business.”