Deezer also said it plans to expand into a further 76 countries in addition to the 84 it has already established a presence in, as well as launch a new free version of its software.
Idinvest previously helped the company raise €15m across two funding rounds, which also featured CM-CIC Capital Privé and Dotcorp Asset Management.
About €6.5m came through a funding round from AGF Private Equity and CM-CIC in 2009, which also saw AGF partner Guillaume Lautour join the company’s board of directors.
Last month Paris-based Idinvest held a first close for its dedicated secondaries vehicle, Idinvest Secondary Fund, on €100m.
The fund’s investors included European financial institutions, one third of which are new LPs, according to CEO Christophe Bavière.
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