Paris - Believe Digital, a France-based provider of digital music distribution and marketing services, has acquired German independent digital music distributor MTunes, and also raised a $6.5 million second round of financing, PaidContent reported.

Financial terms of the MTunes acquisition were not disclosed.

Founded in 2003, MTunes offers a catalog of 100,000 from 800 independent record labels.

Investors in Believe's second round included XAnge Private Equity and Ventech.

The company told Billboard it intends to use the proceeds for further acquisitions in the U.S. and U.K.

Related Links:
http://snipurl.com/46p61 (PaidContent)

http://snipurl.com/46pc4 (Billboard)

http://www.believedigital.com

http://mtunes.de