Tencent backs digital rights startup Pex in $57M round

by RJ Shara | Feb 16, 2021 | Fundings and Exit, Startups

Pex, a start-up intending to offering rightsholders more control over how their material is utilized and reused online, has actually raised $57 million in brand-new funding. The round comes from existing investors including Susa Ventures and Illuminate Ventures, as well as Tencent, Tencent Music Entertainment, the CueBall Group, NexGen Ventures Partners, Amaranthine and others. Founded in […] Not that Pex is taking is relying completely on regulators. Turek also claimed that public domain and Imaginative Commons licenses are “very first class residents” on the platform, and that numerous of the rightsholders using the Attribution Engine don’t necessarily desire monetary compensation: “A lot of people are happy to do this for recognition.”I don’t think investments are valdation,” Turek added. …