As the only music technology company on the ASX, Vinyl Group...

As the only music technology company on the ASX, Vinyl Group (ASX: VNL) is something of an outlier. Vinyl is currently in the midst of a transformation strategy to position the business at the intersection of music, technology, media and entertainment.Backed by several industry and corporate heavyweights typically unseen at this end of the market, among its shareholders Vinyl Group counts two Aussie billionaires -WiseTech Global co-founder Richard White who is the company’s largest shareholder, as well as storied executiveRobert Millner of Soul Patts fame.Other key players on Vinyl’s register include US-based music tech business Songtradr – the world’s largest music licensing platform which secured a US$70 funding round in 2023 valuing it at over US$500 billion. You’ll be hard-pressed to find a company with such a high-profile investor group that is capped at A$150 million, and that represents a major opportunity for investors looking for the next ASX tech unicorn.