Singapore social music creation platform BandLab raises $65M Series B funding

BandLab, a Singapore-based social music platform, announced Tuesday the close of its Series B round totaling $65 million with a post-money valuation of $315 million. The company welcomed Prosus Ventures, the venture investing arm of Netherlands-listed Prosus, which is majority-owned by Naspers (the largest shareholder of Tencent), to its list of investors.