Walk into almost any cafe, hotel, or boutique and listen for a second. The music you hear was probably picked once, by someone, off a licensed playlist, set to shuffle, and then forgotten. It's the same playlist running in the place down the street. For a category that spends millions getting its logo, its font, and its lighting exactly right, sound is the sense everyone leaves on autopilot. Tonada, a Stockholm startup, just raised 2.6 million euros to argue that's a multimillion-dollar oversight.
The pre-seed round, about 3 million dollars, was led by Antler, with Spintop Ventures, RTP Global, Triple A VC, and Karaoke Club joining. The angel list is the part that makes people look twice: Vercel founder Guillermo Rauch, a16z scout Dora Palfi Osika, Ingrid Bojner, and serial entrepreneur Mattias Miksche all put money in. That's a lot of operator credibility for a company selling background music.
Except Tonada would object to the phrase background music, and that objection is the whole pitch. The company generates original, royalty-free soundtracks using AI, tailored to a specific brand, streamed across its physical locations, and adapted in real time. Not a playlist. A sonic identity that belongs to one brand and no one else, the audio equivalent of a logo you can't license away.
The Founders Came From the Two Companies That Obsess Over Experience
Read the founder bios and the bet starts to make sense. Juan Manuel Serruya, Tonada's CEO, was an engineering lead at Spotify, which means he spent years inside the company that turned audio into software at planetary scale. His co-founder Jonathan Andersson ran sales at Wolt, the Finnish delivery company obsessive about the on-the-ground customer experience. One founder knows how audio infrastructure works. The other knows how to sell into restaurants and retail.
That combination matters because Tonada is trying to do two genuinely hard things at once. Build a generative audio engine good enough that the music doesn't sound like elevator filler, the kind of bar Spotify spent a decade clearing, and convince thousands of physical businesses to swap a service they already half-ignore for something new. The first is an AI problem. The second is a boots-on-the-ground sales grind, the sort Wolt built its name on. Few teams are credible at both.
"Every brand deserves its own sound. Brands have a CMS for their website, a POS for their checkout, a CRM for their customers, and nothing for how their spaces actually feel," Serruya said. "Music is the first surface. It is not the last." That framing, sound as just the opening move in a broader sensory operating system, is ambitious to the point of cheeky. It's also exactly the kind of thing that makes a pre-seed worth 3 million dollars.
There's Actual Data Behind the Vibes
Sonic branding could easily be a soft, unmeasurable pitch. Tonada came armed with numbers. The company cites research from HUI Research that tracked 1.8 million transactions and found that brand-matched music increased sales by 9.1 percent compared with random popular music. The more damning stat: random popular hits actually performed 4.3 percent worse than playing no music at all. The wrong soundtrack isn't neutral. It's a tax.
If those figures hold, the value proposition writes itself. A brand spending nothing on deliberate sound design isn't saving money. It's quietly leaking revenue every hour the wrong playlist runs. Tonada's job is to turn that abstract leak into a line item a regional manager can act on, which is a far easier sale than convincing someone that music is, you know, nice.
There's a second, less obvious hook: licensing pain. Plenty of small businesses play unlicensed music in their stores and get hit with hefty fines from collection societies. Tonada's tracks are royalty-free because every one is original and fully owned by the company, with no separate rights holders to pay. The subscription covers everything. For a cafe owner who once got a surprise invoice from a licensing body, that alone might close the deal.
Detail | Figure |
|---|---|
Round | Pre-seed, 2.6M euros ($3M) |
Lead investor | Antler |
Participating funds | Spintop Ventures, RTP Global, Triple A VC, Karaoke Club |
Notable angels | Guillermo Rauch, Dora Palfi Osika, Ingrid Bojner, Mattias Miksche |
Founded | 2025 |
Brand-matched music | +9.1% sales vs random (HUI Research) |
Random hits | -4.3% vs no music at all |
Live sectors | Restaurants, hotels, wellness, retail, co-working |
Owning the Music Is the Whole Defensible Idea
The cleverest thing about Tonada isn't the AI. It's the ownership structure underneath it. Because every track is generated and fully owned by the company, there are no rights holders, no collection societies, and no royalty meter running in the background. The customer's subscription covers everything, full stop. That sounds like a billing detail. It's actually the moat. Traditional business-music services license catalogues they don't own, which caps their margins and exposes their customers to the licensing-fine risk that haunts small venues.
Tonada flips that. A cafe owner who once got a surprise invoice from a performing-rights organization isn't buying better music when they switch. They're buying peace of mind, the certainty that nobody comes knocking for fees later. That's a sharper, more concrete sale than any argument about brand identity, and it gives Tonada a wedge into exactly the small-business market that's hardest for premium products to crack. Fear of fines opens doors that taste never will.
The harder question is whether the music stands up over time. A generated soundtrack running eight hours a day in a hotel lobby has to avoid the two failure modes that kill ambient audio: monotony and the faint sense that something is artificial. Tonada's bet is that owning and adapting the catalogue in real time lets it sidestep both, tuning the sound to a space rather than looping a fixed set forever. If it works, the product compounds. Every track it generates makes the catalogue deeper. If it doesn't, no ownership structure saves a soundtrack people quietly hate.
Why a Vercel Founder Cares About Restaurant Playlists
The angel roster is worth dwelling on because it reveals how these investors see the company. Guillermo Rauch built Vercel into infrastructure that developers reach for without thinking. Mattias Miksche has built and scaled consumer companies. These aren't people who back novelty. They back things that smell like infrastructure, the boring layer everyone ends up needing once a category matures.
"Tonada is one of those cases that builds both a better product for their brand clients and a superior experience for the end consumers," said Tobias Bengtsdahl, General Partner at Antler. He called it real infrastructure in a category overlooked far too long, and singled out the founders' rare mix of AI, audio, and retail experience. Infrastructure is the word that keeps coming up, and it's deliberate. Investors aren't betting on a music app. They're betting on a category-defining layer.
Tonada is already live with paying customers across restaurants, hotels, wellness, retail, and co-working spaces. That spread is healthy. It means the product isn't tuned for one vertical's quirks but works across very different physical environments, which is what you'd want before pouring fuel on growth. Early breadth beats early depth when you're trying to prove a horizontal platform.
The Catch: Can AI Music Actually Sound Good Enough?
Here's the honest risk. Generative audio is improving fast, but a soundtrack that runs for eight hours in a high-end hotel lobby has to clear a quality bar that a fifteen-second clip on social media does not. Repetition, blandness, the uncanny sense that something is slightly off, those are the failure modes that would quietly kill the product. Brands obsess over their physical spaces precisely because customers notice when something feels cheap.
Tonada's answer is ownership and adaptation. Because it generates and owns every track, it can tune the catalogue endlessly and adapt it in real time to a space, rather than looping the same forty songs forever. Whether that produces music people genuinely enjoy, or just music they don't actively dislike, is the question paying customers will settle, not a press release.
What's clever about the timing is that Tonada is planting a flag in a category most people didn't know was empty. There's a CMS for your website and a POS for your checkout, and until now nothing purpose-built for how your space sounds. If Serruya and Andersson are right that sound is just the first surface, the company they're describing is much bigger than playlists. If they're wrong, well, they'll have made a lot of cafes sound a little more like themselves. That's not the worst consolation prize.
