ABS Capital leads $2.5M Series B round for Portfolio Company iZotope towards total raise of $7.5M
iZotope Inc, a provider of audio production tools, has raised $7.5 million in funding. Included in this figure is $2.5 million in Series B funding led by return backer ABS Capital Partners and a $5 million loan from Comerica Bank. The capital infusion will be used for growth and a product launch.
“iZotope has proven its value to the market with its longstanding history of re-imagining traditional studio tools,” said Laura Witt, general partner, ABS Capital Partners. “We are pleased to continue to support the company’s strong growth and look forward to seeing both existing and new customers embrace iZotope’s innovative product offerings.”