How it started
Beginnings
The company was founded in 2005 by Denis Ladegaillerie, Arnaud Chiaramonti and Nicolas Laclias.
The company operates from Paris, and was introduced on Euronext marketplace in June 2021 and it raised 300 million euros. Believe also has a subsidiary in Luxembourg (Believe International) which serves as a hub for the digital distribution.
Growth
Believe's expansion was fuelled by $60m growth capital investment from Ventech, Technology Crossover Ventures (TCV) and XAnge]. In August 2016, the company acquired the French independent label Naive Records for €10m, seeking to improve value from the company's extensive back catalogue, and restarted the label's issuing of new recordings as physical CDs in 2017.
In 2019, Believe expanded its presence in both Russia and India. The Group's market shares in these countries are 25% and 15% respectively. In India, there are Bollywood stars in the Group's catalog, like Ayushmann Khurrana.
From Wikipedia’s article on Believe, shared under CC BY-SA 4.0.2