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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