Warner Music is betting big on blockchain technology after joining an $11.2 million investment in Dapper Labs. Dapper Labs is the cryptocurrency dev team behind the wildly popular Ethereum-based crypto game, CryptoKitties. CryptoKitties users can buy u…
Category archives: Investor + VC Financing
Spotify’s Shopping Spree Continues — This Time, It’s a SoundBetter Acquisition
Buying SoundBetter’s the easy part. Now, Spotify’s gotta figure out what to do with it. And Spotify’s latest acquisition? That would be SoundBetter, an audio production professional marketplace that’s been quietly facilitating collaborations since 2012…
VC Fund DBTH Capital Just Raised $38.4 Million to Invest in Music Rights Tech, AI + Blockchain
Now there’s even more capital for blockchain, AI, and music rights tech startups and initiatives. The latest beneficiary of this is DBTH Capital, which is a venture capital firm founded by longtime French music executive Virginie Berger. In a LinkedIn …
Vampr CEO: “Everyone Wants to Know Why We Didn’t Go to VCs”
Vampr, the world’s biggest music networking app, opens up to everyday investors with an explosive equity crowdfunding debut, passing their minimum target in the first hour after launching. The following update comes from Vampr. As any “creative” doing …
Soundstripe Scores Another $2 Million In Funding — Just Months After Raising $4 Million
In May of this year, the Nashville-based Soundstripe raised $4 million in Series A financing led by Vocap Investment Partners. Now, they’ve just received another $2 million in financing. The latest round of financing has come from Craft Ventures, which…
Angry Investors Sue Over Sirius XM’s “Invalid” $3.5 Billion Pandora Acquisition
Former Pandora investors, angered and frustrated by the details surrounding Sirius XM’s acquisition of Pandora, have filed a lawsuit. The lawsuit alleges that the $3.5 billion buyout of Pandora was “invalid and void” because of earlier agreements made …
GoDigital Pumps $40 Million Into Cinq Music for an Even Bigger IP Shopping Spree
The time to purchase massive amounts of music-related IP is now. Hipgnosis isn’t the only one making massive bets on music IP. Just this morning, GoDigital Media Group pumped $40 million into its subsidiary, Cinq Music, for publishing and recording as…
Patreon Raises Another $60 Million — and Projects $1 Billion in Creator Payouts by the End of This Year
Patreon has confirmed a new fundraising milestone. Co-founder and CEO Jack Conte announced that the crowdfunding platform has raised $60 million in a Series D funding round. Glade Brook Capital led the funding round. Patreon also welcomed back previou…
FIX Delivers a Much-Needed Music Rewards System — With 600,000 Early Takers
FIX, from Toronto-based Fan Integrated Experiences LTD, has crossed the half-a-million mark on a reinvented music rewards concept. The problem — which is where a lot of entrepreneurs and investors begin — is that fan experiences remain fragmented in 20…
Following Plagiarism Fiasco, Canadian Government Provides Funding for Embattled LyricFind
Several weeks ago, popular lyrics platform Genius caught LyricFind “red-handed.” The Canadian website had provided Google with lyrics stolen outright from Genius. This came three years after the search giant had announced a partnership with LyricFind. …