Tracklib has confirmed a new funding milestone. The Swedish music sampling startup has raised $1.7 million in a new fundraising round. Sony Innovation Fund, WndrCo, and private, early-stage investor Jörg Mohaupt joined in. Mohaupt has previously inve…
Category archives: Investor + VC Financing
Sofar Sounds CEO Defends Poor Artist Payouts as Company Raises $25 Million
Sofar Sounds has reached a new fundraising milestone. Led by Battery Ventures and Union Square Ventures, the house concerts company has raised $25 million. Sofar Sounds previously raised $6 million from Octopus Ventures and Virgin Group, who also part…
Broadway Mobile Ticketing App TodayTix Receives $73 Million in Funding
TodayTix has just confirmed a new funding milestone. Led by private equity firm Great Hill Partners, the Broadway-centered mobile ticketing company has received $73 million. In its short, six-year history, TodayTix has now received over $100 million in…
Micro-Licensing Startup Soundstripe Picks Up a ‘Macro’ $4 Million Series A Round
Soundstripe just closed a $4 million Series A round for its video-focused micro-licensing concept. Vocap Investment Partners led the healthy funding round. Nashville-based Soundstripe has attracted customers with its collection of royalty-free music fo…
Sony Music’s 2018 Sales Fall Flat as Revenue Drops Nearly 9% Over Last Year
Sony Music has published its full-year earnings report for its 2018 fiscal year. For the fiscal year ending March 31st, 2019, the company brought in ¥427 billion ($3.8 billion) in recorded music revenue. This figure represents an 8.6% drop year-over-y…
British Piracy-Tracking Startup Muso Raises an Additional $4.5 Million
In its Global Piracy Report for 2017, Muso, British piracy-tracking startup, tracked around 300 billion visits to piracy sites. This number jumped 1.6% year-over-year. In the UK alone, streaming music piracy increased 21%. Then, last September, Muso p…
Audioburst Confirms Another $10 Million in Funding, Raising $25 Million to Date
Dentsu and Hyundai have now invested millions in Audioburst. Several weeks ago, Blubrry, a podcast hosting company, inked an important deal with AI-powered audio search platform Audioburst. Under the deal, Blubrry users would have access to the AI plat…
Music Creation Startup Splice Brings in $105 Million in Funding to Date
Can Splice overcome piracy to remain a successful music creation startup? Several weeks ago, Splice announced a new fundraising milestone. The music creation startup raised an impressive $57.5 million in a Series C funding round. Existing investors Un…
Hipgnosis Songs Fund Raises a Cool $185 MM in an Oversubscribed Round
Merck Mercuriadis’ Hipgnosis Songs Fund Ltd (HSFL) has announced a new round of funding with gross proceeds of $185m (£141.5m). Mercuriadis raised over $260m (£200m) in the first round of funding for HSFL last summer. Since then, he’s spent big money t…
7digital Death Watch – Company Warns Against Raising Desperately-Needed Capital
7digital has just proven you shouldn’t ruin a desperately-needed partnership just for a quick cash infusion. Last month, 7digital abruptly put an end to its partnership with German company, MediaMarktSaturn. After months of negotiations, Juke, a MediaM…