Alibaba reportedly buying a 20% stake in NetEase Cloud Music

Big moves are afoot in China’s music-streaming world, with reports that tech giant Alibaba is acquiring a 20% stake in NetEase Cloud Music, as part of a wider $2bn investment in the latter’s parent company NetEase. MBW suggests that the deal may value NetEase Cloud Music as high as $9bn – less than half that of rival […]

Music/tech VC firm DBTH Capital raises a €35m fund

The latest company hoping to make a splash in the music/tech investment scene is DBTH Capital, whose founding partner is veteran music executive Virginie Berger. It’s got some money to make that splash too. “Happy to announce that my VC Fund, DBTH Capital has raised €35 million in a first close of its first fund. The […]

Warner Music Group talks startups, technology and investment

In Music Ally’s latest analysis report, we take a look at the three major labels’ strategies around music/tech startups and investment. The full report is for Music Ally subscribers only, but you can sign up for a free trial, which includes access to the latest report. An extract from it follows, focusing on Warner Music […]

Production-music startup Soundstripe raises $2m

It feels like a matter of months since we were writing about Nashville production-music startup Soundstripe raising a $4m funding round… mainly because it IS just a matter of months. That round in May 2019 is now being followed by another $2m of investment, from Craft Ventures. That’s a good score for Soundstripe: the VC firm is run […]

Vampr shoots past $100k in its equity-crowdfunding campaign

Startup Vampr has been around since 2016, as one of the startups hoping to create a ‘LinkedIn for musicians’ industry-focused social network. It has since raised $900k of funding from angel investors and industry executives, but in 2019 the company is turning to the crowd for more money. Vampr has launched an equity-crowdfunding campaign this week using […]

Ticketing service TickPick raises $40m funding round

TickPick started life in 2011 as a secondary ticketing website, but has since expanded into primary ticketing too, working directly with festivals, sporting bodies and other entertainment events in the US. Now the company has raised its first ever round of institutional funding, and it’s a biggish one: $40m from investment firm PWP Growth Equity. […]

Concert-sound startup Mixhalo raises $10.7m funding round

Mixhalo is one of the music/tech startups that was actually founded by professional musicians: violinist Ann Marie Simpson-Einziger and Incubus guitarist Mike Einziger. The startup claims to be “democratising audio at live events” by streaming top-notch audio to people’s smartphones. “Build onstage VIP seating or offer an audio upgrade in the nosebleeds,” as its pitch puts […]

UMG and WMG execs talk startups and innovation at Sonar+D

Behind the music industry’s fiercely competitive public face hides a wider spirit of digital collaboration, according to Tuhin Roy, the executive who leads Universal Music’s efforts to support early-stage digital music companies. Roy was speaking at the Sónar+D conference in Barcelona alongside Warner Music’s Tiago Teixeira Correia, on a panel that gave a rare glimpse into the […]

Music’n’meditation app Wave raises $5.7m for its launch

We’ve been writing about the monster funding rounds and music activities (e.g. an exclusive Moby album) for mindfulness startup Calm recently, while rival Headspace was one of the first companies to partner with Spotify on bundled subscriptions. Now there’s another player in the music+meditation sector: Wave. It has raised just under $5.7m in seed funding to […]

LyricFind gets government funding to spread Canadian lyrics

Lyrics firm LyricFind has found a new source of funding: money from the Department of Canadian Heritage Creative Export Canada program. It’ll be used in a two-year project to support “the licensing, transcription and translation of Canadian artists and songwriters’ lyrics”, as well as generating royalties for those lyrics across the world. And this isn’t […]

Meditation app Calm raises $27m more funding at $1bn valuation

We’ve written about meditation startup Calm several times this year: for example when it raised an $88m funding round in February (an announcement that made us wonder whether Spotify would be doing more with meditation), and when it was the exclusive distribution partner for a new album by artist Moby the following month. Now there’s some more news – […]

Cameo raises $50m for its celebrity-shoutouts app

Startup Cameo has an app that lets people pay between $5 and $3k to get personalised video messages from celebrities, including Snoop Dogg – also an investor in the company. Now Cameo has raised a $50m funding round to continue building a business that it claims is currently generating around 300k transactions a month, with the company […]

Sofar Sounds raises ‘mind-blowing’ $25m funding round

Live-music startup Sofar Sounds has announced a funding round of $25m, led by VC firms Battery Ventures and Union Square Ventures. “It’s absolutely mind-blowing, and I’m excited for the opportunity this creates for Sofar to grow, creating new products for artists and tools for our global community to deliver on our collective mission to support […]

Amplify will be the next platform for fans to invest in artists

There are already a number of companies making it possible for fans and high-wealth individuals to invest in musicians, from the familiar crowdfunding platforms like Patreon to the likes of Royalty Exchange. The latest startup falling into the latter category is Amplify, which is planning to launch a private beta of its service this summer. “Amplify […]

Will Smith chips in to $46m funding for esports firm Gen.G

The latest esports startup tapping celebrities for investment is Gen.G, a company best known (to outsiders anyway) for its ownership of the Seoul Dynasty franchise – a team that plays in the official esports league for the game Overwatch. The company has raised a $46m funding round, with actor/musician Will Smith among the investors chipping […]

Music-making firm Splice raises a $57.5m funding round

Splice is one of the most popular online tools for creating music – and accessing samples – with more than 2.5 million users according to its latest figures. That growth, having added a million in the last year, is exciting investors too. Splice has just raised a $57.5m Series C funding round, with VC firms […]

Fan-messaging startup I Am Pop raises €2m in funding

I Am Pop is one of the startups trying to help musicians and music brands make better use of messaging apps in their marketing. It’s already working with artists signed to labels including Sony Music, Warner Music, AWAL and PIAS, and now the company has a new €2m funding round to help grow its business. I […]

Podcasting startup Himalaya Media raises $100m funding round

It’s the week for big podcasting news. Spotify has made waves with its acquisitions of Gimlet Media and Anchor, but other podcasting firms are also capitalising on current interest in the medium. US startup Himalaya Media, for example, has raised $100m in funding to push its podcast-listening app and distribution platform. The app launched in […]

Calm raises $88m: should meditation be on Spotify’s audio radar?

Spotify said yesterday that podcasts are just the ‘start’ of its ambitions to focus on all forms of audio. What next? We’d suggest that meditation / mindfulness will be high on the company’s radar – and not just because one of its first subscription-bundle partnerships was with meditation app Headspace back in 2016. Investor interest […]

Former BMG exec Zach Katz launches music-tech investment fund

Until December 2018, Zach Katz was BMG’s president of US repertoire. Now he’s turning music/tech investor, in partnership with manager Scooter Braun, cryptocurrency firm Ripple, and Something Gold boss Shara Senderoff. They’ve co-founded an investment firm called Raised in Space Enterprises, which will focus on music/tech startups. Billboard reported that the company will look to […]

Artist-collab platform HitRecord raises $6.4m funding round

We wrote about startup HitRecord for the first time last October, when it launched a project with artist Logic. He was the highest-profile musician so far to take advantage of HitRecord’s platform for creative collaborations: posting the bones of a new track and inviting fans to flesh it out with their own contributions – with […]

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