17% of VC-backed startups have at least one woman as a founder

A study conducted by CrunchBase has found that only 17% of startups receiving their initial round of venture funding in 2017 had at least one woman as a founder. What’s more, that percentage has stayed static since 2012, having risen steadily in the three years before that. In 2017, all-women teams accounted for 3% of […]

How to spot the next music/tech giant (#SlushMusic)

2017 has been a fascinating year for digital music, from the growth in paid streaming to a wave of new accelerators and initiatives to help talented music startups get up and running. A pair of sessions at the Slush Music conference in Helsinki this morning provided some insights into the music/tech world. Raine Group partner […]

Investment fund EQT takes 40% stake in Epidemic Sound

Swedish alternative-investments firm EQT has taken a 40% stake in production-music company Epidemic Sound, whose CEO Oscar Höglund we interviewed earlier this week about this summer’s ‘fake artists’ controversy. The investment also sees VC firm Creandum upping its stake in Epidemic Sound to 20%, although the actual investment amounts and valuation have not been announced. […]

Crowdsourced-gigs service MyMusicTaste raises $11m

South Korean startup MyMusicTaste has raised a Series C funding round of $11m for its service which enables fans to request gigs by their favourite artists. KTB Network led the round according to TechCrunch, with Softbank and Samsung’s investment arms also part of the funding. The post Crowdsourced-gigs service MyMusicTaste raises $11m appeared first on […]

Former WMG boss Edgar Bronfman Jr starts new VC firm

We haven’t heard much (in a music-industry sense) from Edgar Bronfman Jr since he sold Warner Music Group to Access Industries in 2011, then stepped down as chairman a few months later. Some interesting news this morning though: Bronfman is starting a new venture-capital company called Waverley Capital, which Bloomberg reports will be raising a […]

Blockchain startup Guts Tickets raises $2.5m (so far) from ICO

Dutch startup Guts Tickets is one of the companies exploring blockchain technology’s potential for the music industry – but in its case, the focus is on selling tickets rather than recorded music. The company has just raised $2.5m through 2017’s buzziest funding mechanism: an initial coin offering (ICO). However, this is just from the pre-sale: […]

India becomes world’s second-biggest smartphones market

China is the country with the highest smartphone shipments in the world, followed until now by the US in second place. Two different research companies reckon that India has just overtaken the latter country. Canalys claims that more than 40m smartphones shipped in India in the third quarter of this year, representing growth of 23% […]

MelodyVR raises £15m more funding through share placings

Music virtual-reality startup MelodyVR is raising more money: £10m from a placing of new shares, and another £5m from the sale of shares by co-founders Anthony Matchett and Steven Hancock. The company, which is listed on UK stock exchange AIM, plans to use its latest cash injection to continue building its library of original music/VR […]

Netflix raises $1.6bn for content acquisitions and originals

Netflix had already announced plans to spend between $7bn and $8bn on content in 2018, but there was a question about how the publicly-listed company planned to finance that investment in licensed shows and films, plus its own originals. Now that question has been partially answered: yesterday Netflix raised $1.6bn of debt funding through a […]

Native Instruments raises €50m in new funding round

DJ-tech firm Native Instruments has raised a €50m (around $58.8m) funding round from private-equity company EMH Partners. The firm says it plans to use the cash to fuel “rapid international growth” as well as developing new digital services for its users. Native Instruments says it’s also planning a recruitment drive in Berlin, Los Angeles and […]

Kobalt Series D funding swells to $89m as Section 32 chips in

In May, music company Kobalt announced a $75m Series D funding round, led by media firm Hearst Entertainment. Now that round has increased to $89m. The $14m ‘second installment’ was led by former Google Ventures partner Bill Maris’ new Section 32 fund, with Maris joining Kobalt’s board of directors as part of the funding. Maris […]

YouNow’s Rize app giving cryptocurrency to influencers

We wrote in September about the upcoming launch of live-video app Rize: it’s the work of popular app YouNow, and will blend livestreaming with blockchain technology and cryptocurrency. In fact, Rize will have its own cryptocurrency called ‘Props’, with its creators revealing more plans on how they plan to tempt social-media stars to use Rize […]

Access to new sources of finance could fuel a new golden age for music (guest column)

The international music industry is entering a new golden age. A kind of second gold rush. We’re right at the start, and it’s streaming that’s largely responsible. This business has suffered a long period of decline in terms of sales but I’m hugely optimistic about where we are headed right now. You have the biggest […]

Music analytics startup Soundcharts raises $3.1m funding round

Soundcharts was an award-winner at the Midemlab startups contest earlier this summer. Now the French music-analytics firm has raised a $3.1m Series A funding round. The round was led by VC firm Alven Capital, with Kima Ventures and Global Founders Capital also chipping in. It follows $0.3m of previous seed funding from a round in […]

ICOs raised $797m in the second quarter of 2017 alone

Despite being banned in China and regulated more strictly in the US, initial coin offerings (ICOs) for blockchain-based startups are going to be drumming up large amounts of funding for a while yet. A new report by Coindesk quantifies the ICOs market before the two crackdowns above were announced: it claims that ICOs raised $797m […]

Aller à la barre d’outils