Chainsmokers, A$AP Rocky and other artists invest in Genies

A startup getting popular from a tool that helps people create avatars of themselves for social sharing? We’ve been here before: Canadian startup Bitstrips had an app hit with its Bitmoji avatars in 2015, and was acquired by Snapchat’s parent company Snap in March 2016 for $64.2m. Bitmoji are now a core part of Snapchat […]

Pirate Studios raises $20m to expand self-service studios network

British startup Pirate Studios has raised a $20m funding round, which it will use to continue expanding its network of self-service rehearsal, DJ and production studios. That network currently numbers 350 studios across the UK, US and Germany, with musicians able to book in round the clock, and use features including AI mixing and mastering, […]

Classical streaming service Idagio raises $11.7m funding round

We’ve seen a few streaming services focusing on classical music launch in recent years, although as yet none have managed to create a symphony of success in terms of signing up subscribers. Can Idagio buck the trend? The German startup is already available in 130 countries, and says that it has signed up more than 250,000 registered […]

Report: Tencent Music halves amount sought in IPO to $2bn

We’re eagerly awaiting more public details on Tencent Music’s IPO in the US, which will give the industry a deeper insight into the figures and trends around the Chinese company’s music-streaming services. Its filing hasn’t been published yet, but it seems there are some late shifts in the plans for going public. Reuters reported this morning that […]

NumberEight raises funding for AI tech that could help music-streaming services

Artificial-intelligence startup NumberEight has raised a funding round after completing three trials of its technology with music-streaming companies. The London-based company raised the undisclosed amount from investors including Beacon Capital, AI Seed, Ascension Ventures, 7% Ventures and angel investors including E100 angels from the London Business School NumberEight’s software is designed to sit within iOS […]

Deezer shoots for unicorn status after $185m funding round

‘Is Deezer really worth a billion dollars?’ asked one headline yesterday, as the streaming service announced a new funding round of €160m (around $185m) from new and existing investors. Well, is Deezer worth ‘unicorn’ status? Taking Spotify as the base for some super-rough calculations, the latter service has 180 million active users, and a current […]

eMusic claims it will raise $70m for its blockchain plans

We reported earlier this year, somewhat sceptically, on digital-music service eMusic’s plans for a blockchain-powered relaunch. Now the company has given more details about how much money it’s planning to raise to fund its pivot to a ‘decentralised music distribution and royalty management system’. eMusic says that it’s shooting for $70m in its token sale, which […]

Blink Identity raises $1.5m from Live Nation and others

Austin-based startup Blink Identity has raised a $1.5m seed-funding round from investors including Live Nation, Techstars and Sinai Ventures. The company was part of this year’s cohort of Techstars Music startups. Its focus is on ‘facial recognition at scale’ with an emphasis currently on live events: identifying people as they walk past its scanners, for example to […]

Chinese secondary-ticketing firm Moretickets raises $60m

In the west, secondary-ticketing platforms are increasingly controversial in terms of their role within the music industry. In China, though, one of the most popular sites has just raised a significant funding round.  Moretickets’ Series C round was worth $60m, led by investment firm TPG Growth – last covered here in January when it bought […]

Music-hardware startup Roli takes investment from Sony

British instrument-maker Roli has received new investment from tech giant Sony, through the latter’s VC arm Sony Innovation Fund. CEO Roland Lamb told Bloomberg that the deal is a “significant investment and relationship for us”. While Roli isn’t saying how much Sony invested, TechCrunch notes that before this deal, Roli was listed on investment site PitchBook as having raised […]

Online music studio Soundation raises $500k funding round

Soundation is one of the startups trying to help musicians of all levels make music online. The Swedish startup claims to have more than 75,000 monthly active users of its browser-based studio service, mainly in the US, and is one of the more established companies in the space having launched in 2009. Now Soundation has raised […]

Big-data A&R startup TuneGo completes $7.7m funding round

Until recently, the idea of spotting emerging musicians through big data – analytics-driven A&R – was notable mainly for the ‘gut over data’ grumpiness it sparked on conference panels. However, things are heating up in this space: in March, Warner Music Group acquired a startup called Sodatone that does exactly this task, while UK firm […]

Amuse raises $15.5m for its ‘next generation record label’

In March 2017, Music Ally reported on a new startup in Sweden called Amuse, which was billing itself as “the world’s first mobile record label”. It had an app through which unsigned artists could upload their music for distribution, with the company then monitoring the data to spot artists with traction, to get behind promotionally. Just […]

Former Armonia CEO Virginie Berger joins VC fund LeanSquare

Virginie Berger has joined Belgian venture-capital fund LeanSquare as a venture partner, moving from pan-European licensing platform Armonia, where she served as CEO for the past two years. As well as being founder of Paris-based tech/media consultancy DBTH, Berger’s career has also included stints at Microsoft, NRJ, Omnicom and MySpace France. Her role at LeanSquare […]

A&R’s data moment: Sodatone acquisition and Instrumental funding

Two separate announcements yesterday highlight the fact that big-data and machine-learning for A&R purposes are enjoying a bit of a moment – after years of being mostly seen as a controversial niche when they cropped up in the on-stage conversations at industry conferences. Music Ally has been to countless panel sessions where A&R veterans scoffed […]

Report claims 46% of ICOs from 2017 are already defunct

Fears that the mania for blockchain startups and initial coin offerings (ICOs) are a bubble will hardly be assuaged by a new report published by news site Bitcoin.com. “Tokendata, one of the more comprehensive ICO trackers, lists 902 crowdsales which took place last year,” it explained. “Of these, 142 failed at the funding stage and […]

‘Shapeshifting’ startup AI Music closing £5m funding round

British artificial-intelligence music/tech startup AI Music is raising £5m of funding, as it prepares to launch its first product. The company has developed technology capable of “shapeshifting” songs, using AI to remix tracks on the fly. “We’re raising £5m, and we have a lead investor that’s happy to take the whole thing,” said CEO Siavash […]

Online audio-mastering startup CloudBounce to launch ICO

Drag’n’drop audio-mastering startup CloudBounce is joining the blockchain bandwagon, with plans to launch an initial coin offering (ICO). The company, which competes with services like Landr, announced its plans tonight at the Abbey Road Red incubator’s demo event in London. “We’re doing the next step in building a better community and better and faster audio-processing […]

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 […]

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