Nashville-based start-up Avvay has managed to secure a new $1 million seed round of funding. And you can thank the band Paramore for birthing the idea. The new start-up helps content creators find and book locations for their events, similar Airbnb…
Category archives: Investor + VC Financing
Quincy Jones Joins a $1 Million Funding Round for Jammcard
Quincy Jones is the latest investor in a new startup that is described as LinkedIn for musicians. Jammcard is an invite-only social network for musicians that allows producers, musicians, and other music professionals to connect one-on-one. The social …
Tencent Music’s $30 Billion IPO Is Reportedly Arriving In a Matter of Weeks
Expect Spotify to earn a massive windfall from Tencent Music’s upcoming IPO launch. According to a new report, Tencent Music has already set a date for its IPO in the US. Citing IPO Zaozhidao, a reputable WeChat-based news blog, TechNode reports Tencen…
A Billionaire Investor Is Pressuring Nielsen Entertainment to Sell Itself
Billionaire Paul Singer is apparently placing pressure on Nielsen Holdings to puts itself on the market. Shares of Nielsen Holdings rose 10% after Elliot Management, the hedge fund managed by Singer, disclosed an 8.4% stake in the company. Anonymous s…
Early Musical.ly Investor Leads $17 Million Funding Round for Spoon Radio
Can Spoon Radio become the next Musical.ly for internet radio? Goodwater Capital has made a major move in the South Asian app market. The American venture capital firm has teamed up with Softbank Ventures, a Seoul-based venture capital firm, and KB Inv…
Failed Streaming Service Guvera Found Guilty of Scamming $6.6 Million from an Alzheimer’s Patient
Guvera’s pile of streaming failure keeps emanating a foul odor. Guvera raked in more than $180 million in investor funding to produce a free online music streaming service, one heavily reliant upon clever advertising. Its Australian founders hop…
Warner Music Cashes Out Its Entire Spotify Stake — Totaling $504 Million
Warner Music Group is awash in cash after a flowing third quarter — thanks largely to a complete liquidation of its Spotify shares. Life is good at Warner Music Group, thanks to the usual rainmaker: streaming music. According to financial details file…
Deezer Just Raised Another $185 Million, at a Valuation of $1.16 Billion
Deezer has long lagged behind Spotify, Apple Music, and Amazon’s Music Unlimited offering, but maybe there’s room for more. The Paris-based company announced today that it has raised €160 million ($185 million) in funding. This new round o…
Spotify’s Q2 2018: The Good, The Bad, and the Ugly
Yes, Spotify reached 83 million subscribers. No, it still doesn’t have a plan to stop bleeding cash. Spotify has just published its second quarterly report of 2018. And, just as with its first-quarter report, the news isn’t pretty. Not for investors…
A Chinese Discount Secondary Ticket Market Platform Just Raised $60 Million
Recent investments in Moretickets show private equity firms have taken a serious look at China’s booming live music market. Moretickets, a Chinese discount resale ticket platform, has raised $60 million in a Series C funding round. TPG Growth, a globa…