Moombix, an Icelandic online marketplace and learning platform that connects adult learners with music teachers worldwide, has closed £1.9 million in seed funding. The round was led by Iceland’s Frumtak Ventures (which recently invested in sound simulation technology startup Treble and AI-assisted decision support platform PLAIO) with participation from angel investors.
Plans UK launch
The investment will help scale the Moombix marketplace, improve user experience, accelerate customer acquisition, and prepare for a strategic launch into the UK, a territory with nearly 200 teachers signed up to offer classes.
The company plans to expand its user base by attracting qualified teachers and students from every location. The team will also continue to develop the platform’s technical infrastructure, which already includes its proprietary video conferencing tool, its streamlined payment processing system, and other digital tools that are tailored for live online music lessons.
Frumtak Ventures partner Andri Heidar Kristinsson stated: “Frumtak Ventures is thrilled to support Moombix as the company embarks on its first major global push. Their focus on quality educators, combined with an intuitive platform, positions them to be a leader in the global music education space. We have been impressed with the platform’s flexibility to appeal to not only students but also professional musicians, experienced music teachers, and newly graduated musicians who can set their own schedules and teach from anywhere. Moombix has the potential to revolutionise how people connect and learn, and we’re excited to join them on their mission of making music education accessible to all.”
Live, real-time music lessons
Moombix was founded in 2022 by Icelandic serial entrepreneur and graduate of London’s Royal Academy of Music Margret Juliana Sigurdardottir, who has performed with fellow Icelanders Björk and Sigur Rós. This is her second music-tech startup founded after exiting from her first startup – Mussila.
Moombix approaches music learning as a lifestyle, encouraging adults to pursue it for personal growth and fulfilment, much like learning a language or practising yoga. Traditional music education often presents challenges such as location, scheduling, and access to specialised skills, especially for those with busy lifestyles. Moombix removes these barriers by offering flexible, one-on-one lessons with expert teachers, making music education accessible to everyone.
Unlike many platforms that rely on pre-recorded content, this platform emphasises live, interactive sessions for a more engaging and personalised learning experience. Committed to making music education accessible, flexible, and enjoyable, Moombix is transforming how adults learn music globally.
Already, its teachers include respected musicians such as Biggi Þóris (MD of the Icelandic National Theatre), Richard Bedford (Grammy-nominated British singer-songwriter), Andrew Morgan (long-term collaborator with Neil Davidge of Massive Attack and global music lecturer), and Steve Riggs (DJ and producer who has worked with Sony, Armada Music, and deadmau5).
Moombix co-founder and CEO Margret Juliana Sigurdardottir added: “As an experienced professional musician and music teacher, I’ve witnessed first-hand how difficult it can be to access flexible, high-quality music lessons. Traditional lessons are designed for school-age children, which leaves adults with limited options. Moombix changes that. We’re not just offering lessons; we’re making music education a lifestyle choice – something that can fit seamlessly into your day, just like a yoga class or any other hobby.”
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