Fan-funding startup Corite closes its seed funding round

Music Ally wrote about Swedish startup Corite when it launched last year as the latest way for artists to make money by selling off stakes in their songs to fans. In its first month of operation, it raised $24k in fan-funding for its first crop of artists. Now the company has been raising some funding of its own: a […]

Corite raises $24k in fan-funding for artists in first month

Music Ally wrote about the beta launch of Swedish fan-funding startup Corite in October, with five artists raising money from fans in exchange for a share of their royalties. Now the company has provided an update on how it all went. “One month after the official launch, Corite has gathered thousands of registered users and closed ten […]

Fan-funding startup Corite launches in beta with five artists

Music Ally reported on Swedish startup Corite in August. It was a new fan-funding platform founded by former UMG execs Mattias Tengblad and Emil Angervall, offering distribution to artists but also the option for fans to invest in their music, and take a share of royalties. Today, Corite is launching in ‘beta mode’ with five Swedish artists: Albin Johnsén, […]

Swedish startup Corite launches fan-funding platform for artists

PledgeMusic may have collapsed, but there are other fan-funding startups emerging in its wake. The latest is from Sweden and is called Corite, and it’s one of the growing number of platforms that aim to get fans to invest in songs, and get a share of royalties back in return. “A record label ruled by fans,” […]

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