Former Guvera CEO Darren Herft fooled investors once. Will he do so again? Two years ago, Australian-based streaming music startup Guvera managed to raise $100 million from wealthy families. CEO and co-founder Darren Herft promised that it represented…
Category archives: Guvera
Guvera Fails to Pay Their Former U.S. and Latin American Employees
Guvera is at it again. Here at Digital Music News, we’ve talked about beleaguered Australian music streaming start-up Guvera. The company started off strong, though. They initially raised $100 million from wealthy Australian families back in 2015. Things quickly went sour, however, as the company picked up more and more debt than it could handle. […]
The post Guvera Fails to Pay Their Former U.S. and Latin American Employees appeared first on Digital Music News.
Guvera’s Indian Hope Flounders Under the Weight of Debt
Here at Digital Music News, we’ve reported on troubled music streaming start-up closing down shop in Australia after failing to open their IPO to better focus on emerging markets like India, Indonesia, Saudi Arabia, and the United Arab Emirates. We then reported on the actual debts owed by two of Guver’a subsidiaries and the option […]
The post Guvera’s Indian Hope Flounders Under the Weight of Debt appeared first on Digital Music News.
The Trail of Debt Left Behind by Beleaguered Music Streaming Service Guvera
Building on last week’s news of troubled music service Guvera, who decided to shut down shop in Australia and focus on emerging markets reported here on Digital Music News, the Australian Business Review is now reporting that two Guvera subsidiaries, Guvera Australia Pty Ltd and Guv Services Pty Ltd, have been returned to company management […]
The post The Trail of Debt Left Behind by Beleaguered Music Streaming Service Guvera appeared first on Digital Music News.
Troubled Music Streaming Startup Guvera Closes Up Shop in Australia
Following the news report on Digital Music News that Music Dealers was shutting now, Australian media outlets are reporting that troubled music streaming startup Guvera is shutting down their operations in the Australian market to focus on emerging markets. A statement that went live on their website today says: “Born and launched into Australia in […]
The post Troubled Music Streaming Startup Guvera Closes Up Shop in Australia appeared first on Digital Music News.
Another streaming service fails to IPO as Guvera flotation is blocked
Australian company posted a net loss of US $61.2m in its last fiscal yearThe post Another streaming service fails to IPO as Guvera flotation is blocked appeared first on Music Business Worldwide.
Guvera launches $58m IPO attempt – but owes labels millions
Company admits that if it can’t float, it may be unable to pay its debts
The post Guvera launches $58m IPO attempt – but owes labels millions appeared first on Music Business Worldwide.