Singing startup Biiah launches Kickstarter for its mobile app

Biiah, formerly known as The Choral Hub, was one of the winners in our recent Music Ally SI:X startups contest. The post Singing startup Biiah launches Kickstarter for its mobile app appeared first on Music Ally. Source: Music ally

WMG takes a stake in augmented-reality fashion startup DressX

Another web3/metaverse partnership for Warner Music Group: the partner is DressX, which has been building a business in digital fashion. The post WMG takes a stake in augmented-reality fashion startup DressX appeared first on Music Ally. Source: Music ally

38 key music/tech funding rounds in 2022

Today’s 2022 roundup article focuses on funding rounds for startups (and bigger companies) in and around music/tech. The post 38 key music/tech funding rounds in 2022 appeared first on Music Ally. Source: Music ally

Report: European tech industry has lost $400bn in value in 2022

The numbers involved are still huge, but it’s still a clear snapshot of a difficult year for the sector. The post Report: European tech industry has lost $400bn in value in 2022 appeared first on Music Ally. Source: Music ally

Music Venue Trust names first Pipeline Investment Fund grants

In October, the UK’s Music Venue Trust announced its latest fund to help grassroots venues who are struggling: the Pipeline Investment Fund. The post Music Venue Trust names first Pipeline Investment Fund grants appeared first on Music Ally. Source: Music ally

Music-events tech company Xceed raises €2m funding round

It’s not been a brilliant year, to say the least, for companies with businesses based on selling tickets and travel around music events. The post Music-events tech company Xceed raises €2m funding round appeared first on Music Ally. Source: Music ally

BeatBread secures $100m fund to power its advances for artists

Music financing company BeatBread started the year by raising $34m of its own funding to build a business providing advances to musicians. The post BeatBread secures $100m fund to power its advances for artists appeared first on Music Ally. Source: Music ally

Anything World raises $7.5m from investors including WMG

Startup Anything World has big ambitions to make it easier for people to create 3D worlds. Now it has a big new round of funding. The post Anything World raises $7.5m from investors including WMG appeared first on Music Ally. Source: Music ally

Diplo, Ellie Goulding and Kygo invest in biodegradable bottles

When it comes to the climate emergency, some artists are putting their money where fans’ mouths are. The post Diplo, Ellie Goulding and Kygo invest in biodegradable bottles appeared first on Music Ally. Source: Music ally

Volumetric capture startup Tetavi raises $15m and rebrands

It’s a mark of the pace at which things are moving that the first time Music Ally is writing about Tetavi, it’s already rebranding. The post Volumetric capture startup Tetavi raises $15m and rebrands appeared first on Music Ally. Source: Music ally

Stability AI raises $10m as Stable Diffusion reaches 10m users

We’ve written a few times recently about Stability AI. It’s the company behind the text-to-image Stable Diffusion system, and also a backer of the Harmonai project that recently launched AI music tool Dance Diffusion. The post Stability AI raises $10m as Stable Diffusion reaches 10m users appeared first on Music Ally. Source: Music ally

StemsDAO raises $4m seed funding for its music-focused DAO

We’ve been following with interest some of the grassroots efforts to create decentralised autonomous organisations (DAOs) around music. The post StemsDAO raises $4m seed funding for its music-focused DAO appeared first on Music Ally. Source: Music ally

NFTs brand Doodles raises $54m with music expansion in mind

Doodles is one of the more successful brands in visual NFTs, with a collection selling for tens or even hundreds of thousands of dollars. The post NFTs brand Doodles raises $54m with music expansion in mind appeared first on Music Ally. Source: Music ally

Crypto influencer Cooper Turley launches a $10m music fund

Earlier this year, we wrote about a ‘Music NFT Landscape’ chart that crypto influencer Cooper Turley had compiled. The post Crypto influencer Cooper Turley launches a $10m music fund appeared first on Music Ally. Source: Music ally

Radio 2.0 startup Stationhead raises $12m funding round

Stationhead was a pioneer of what we’ll slightly-awkwardly call ‘user-generated streaming radio’ with its app that let anyone broadcast their own station. The post Radio 2.0 startup Stationhead raises $12m funding round appeared first on Music Ally. Source: Music ally

TicketSwap is expanding across Europe and Latin America

Dutch secondary-ticketing company TicketSwap is expanding, with a swathe of new deals with festivals, venues and promoters. The post TicketSwap is expanding across Europe and Latin America appeared first on Music Ally. Source: Music ally

Music NFTs roundup: Beatport, Keith Richards, Metaplex…

Beatport is the latest music company exploring the world of NFTs, via a partnership with deadmau5 and Richie Hawtin’s startup Pixelynx. The post Music NFTs roundup: Beatport, Keith Richards, Metaplex… appeared first on Music Ally. Source: Music ally

Patreon reveals how it’s planning to spend its $155m funding

“Patreon’s plans, which haven’t been previously reported, include courting podcasters, video game livestreamers, YouTubers, and major celebrities” The post Patreon reveals how it’s planning to spend its $155m funding appeared first on Music Ally. Source: Music ally

WMG and Epic Games invest in music licensing startup Lickd

UK firm Lickd is one of the startups trying to make it easier for YouTubers and other online creators to license commercial music to use in their videos. Now it has raised £5.1m of funding from some very interesting investors: Warner Music Group, Fortnite publisher (and Apple nemesis) Epic Games, and the investment firm of […]

Dice raises $122m: ‘We’re now scaling, because we’re ready for it’

Ticketing firm Dice has raised $122m in its Series C funding round. Venture capital giant SoftBank’s Vision Fund 2 led the round, with Future Shape. The post Dice raises $122m: ‘We’re now scaling, because we’re ready for it’ appeared first on Music Ally. Source: Music ally

Fitness tech startup Hydrow taps artists for latest funding

Hydrow is one of the growing number of ‘Peloton of…’ fitness-tech startups. In its case, it’s the ‘Peloton of rowing’, selling a rowing machine supported by online workout classes and content. The post Fitness tech startup Hydrow taps artists for latest funding appeared first on Music Ally. Source: Music ally

Quality Control and Empire invest in social music app Riff

Riff is a cross between livestreaming apps and (with its ‘rooms’ structure) Clubhouse. The app is also the recipient of a $4m funding round from investors including three music companies. The post Quality Control and Empire invest in social music app Riff appeared first on Music Ally. Source: Music ally

Snafu Records raises $6m funding for its ‘AI-driven’ label

Snafu Records emerged in 2020 with $2.9m of funding claiming to be the “first AI-enabled music label”, promising algorithms that would identify promising unsigned artists. The post Snafu Records raises $6m funding for its ‘AI-driven’ label appeared first on Music Ally. Source: Music ally

Sony Innovation Fund chips in to $12.2m Tracklib funding round

Other existing investors who are part of the new round include WndrCo and Bridford, the latter being the investment firm of Jörg Mohaupt. The post Sony Innovation Fund chips in to $12.2m Tracklib funding round appeared first on Music Ally. Source: Music ally

Stageverse raises $7.5m and launches Muse virtual concert

In August 2020, we reported on Muse’s plans to launch a ‘Simulation Theory: Virtual Experience’ with virtual reality startup Stageverse. It was originally due to launch that autumn, but just over a year later, the full show is now ready for its debut. Now called ‘Muse: Enter The Simulation’, it will be available through Stageverse’s iOS, Android and […]

Apple leads $50m funding round for distributor UnitedMasters

Remember when Spotify invested in distributor DistroKid back in October 2018? Now its biggest rival is making a similar move. Yesterday, Apple led a $50m Series B funding round for UnitedMasters, alongside Alphabet (yes, Apple and Google’s parent company investing together) and Andreessen Horowitz. Apple isn’t just opening its wallet: the deal includes a strategic partnership which […]

Dapper Labs capitalises on NFT fever with $305m funding round

NFTs may be all the rage in 2021, but startup Dapper Labs was one of the first companies to explore blockchain-powered digital goods with its CryptoKitties game in 2017. It has since gone on to have another big hit with its NBA Top Shot basketball partnership, and also took investment from Warner Music Group in September 2019. […]

Video requests startup Cameo raises $100m funding round

We recently reported on video requests startup Cameo’s growth in 2020, when it sold 1.3m videos of its celebrity community, generating revenues of $100m. Now the company has raised a Series C funding round, also of $100m, which sees Cameo graduate to ‘unicorn’ status with a valuation of just over $1bn. SoftBank, GV, Lightspeed, Kleiner Perkins, Spark […]

Splice raises $55m funding round valuing company at $500m

Having become one of the key services (and communities) for music makers, Splice is raising money again. The company has raised a $55m funding round from investors Goldman Sachs and Music – the latter being the investment company of Songs Music Publishing founder Matt Pincus. According to Bloomberg, the round valued Splice at nearly $500m, and took its […]

BPI reveals latest artists to receive UK export funding

10 more artists have been announced as receiving funding from the UK’s Music Export Growth Scheme, which is run by industry body the BPI. It’s the first tranche of funding since the scheme was put on hiatus during the initial wave of the Covid-19 pandemic. Jungle, Beabadoobee, Bicep, Kero Kero Bonito, Kwaye, Wesley Joseph, Orla […]

Vimeo’s latest funding round values the company at $5bn

We last wrote about video streaming service Vimeo in November 2020, when it raised $150m in a new funding round, as parent company IAC mulled a spin-off for the service. Now the company is turning to investors again, raising another round of $300m which IAC said values Vimeo at more than $5bn. In fact, it quantified the ‘more’ […]

Clubhouse has 2m users, new funding and plans for ‘creators’

In our world, chatter about ‘audio’ tends to focus on podcasts, and music streaming services’ drive into that form of content. However, there’s a wider audio trend getting Silicon Valley excited, and Clubhouse is one of the main reasons. It’s the service once described as “a mashup of Spotify, Zoom and even the X Factor“, […]

Report: global startups funding grew by 4% in 2020 to $300bn

We’ve written a lot about what the Covid-19 pandemic meant for the music industry, but what about the wider tech world – and funding for startups in particular? CrunchBase has published its annual review of the figures. It claims that global venture funding grew by 4% year-on-year to $300bn in 2020, and then breaks this […]

Roblox raises $520m funding round from investors including WMG

Gaming platform Roblox was all set to go public in late 2020, before putting off its IPO until this year to give more time to decide how to price it. Now the company has sprung a surprise with a new funding round of $520m – its Series H round – valuing Roblox at $29.5bn. The round was led by VC […]

Audoo raises £5.2m from investors including Björn Ulvaeus

British startup Audoo has raised a Series A funding round of £5.2m (around $6.9m) to continue developing and rollout out its technology to track public performance usage of music. The round was raised in 10 weeks from investors including Edinv, Björn Ulvaeus and Tileyard London. The funding follows Audoo’s win at the Midemlab startups contest earlier this […]

TicketSwap and GoFundMe aim to raise £2m for European venues

We’ve written about the fundraising campaigns for independent venues run in the US (by NIVA) and the UK (by the Music Venue Trust). Now there’s a new pan-European campaign launched by ticketing firm TicketSwap, crowdfunding site GoFundMe and investment firm Cosimo. The trio are attempting to raise £2m (around $2.6m) across 14 countries to help out at […]

Vimeo raises $150m as parent company mulls spin-off

Video streaming service Vimeo may be spinning off as an independent company within parent group IAC. The news was revealed as IAC also announced that Vimeo had raised $150m in a new funding round, from Thrive Capital and GIC. A letter to shareholders from IAC boss Joey Levin outlined Vimeo’s journey from being a (smaller) YouTube rival, […]

Quincy Jones invests in music/tech startup Musimap

Quincy Jones is no stranger to the world of music/tech startups: he founded music video-on-demand service Qwest TV, which launched three years ago. Now he’s also investing in another startup, Musimap, which describes itself as an “emotional artificial intelligence” company, with a lead product called MusiMe which is a “psycho-emotional profiling engine”. Essentially it analyses people’s […]

Music-making tech company Output raises $45m funding round

Output is one of the music/tech companies making digital instruments, effects and even furniture for musicians to use in the studio. A valuable business? It certainly is according to investment firm Summit Partners, which has just funded Output to the tune of $45m in its Series A round. It’ll help the company to add “playable instruments and mobile […]

WMG set for $338m acquisitions (and possibly revenue decline)

It was a busy day for Warner Music Group yesterday, with several interrelated announcements. First, there was news of the company raising $250m of new funding through a ‘senior secured notes offering’ to be spend to “fund a portion of the aggregate cash consideration for certain acquisitions”. Later that day, a US regulatory filing offered more information on those […]

Livestreaming startup Moment House raises $1.5m from starry seed investors

Scooter Braun, Troy Carter, Patreon CEO Jack Conte, actor Jared Leto and artist Kygo’s Palm Crew Investments are among the investors in the latest ticketed livestreams startup, Moment House, which announced its $1.5m seed funding round today. The round was led by Forerunner Ventures, with Sequoia Capital partner Jess Lee also among the angel investors, […]

Report: Triller could go public with shell-company merger

Remember those July reports that short-video app Triller was raising a funding round of up to $300m? Whatever happened to that? Reuters has an update, claiming that the company has “so far secured around $100 million in that round at a $1.25 billion valuation” according to unnamed sources “familiar with the matter”. However, the report claims that […]

Round Hill Music confirms plans for $375m Royalty Fund IPO

The rumours were right: music publisher Round Hill Music is planning to take its songs fund public. The Round Hill Music Royalty Fund has announced plans to raise $375m through an IPO on the London Stock Exchange. You can read its announcement here. The company says it has already identified more than 40 catalogues containing more than 120k […]

Livestreaming startup Mandolin raises $5m in seed funding

Six months ago, livestreaming was in many quarters seen as a temporary sticking plaster for the shutdown of physical concerts, likely to return to a niche once the latter returned. A lot of people have changed their tune since then: physical concerts aren’t returning anywhere near as soon as we had hoped, and successful livestreaming […]

AI music startup Endel raises $5m Series A funding round

Endel has been one of the higher-profile startups exploring AI-generated music: in its case, focusing on its application as music to help people concentrate, relax and sleep. Now it has raised a Series A funding round of $5m to further its ambitions. The round was led by True Ventures and its partner Kevin Rose – […]

Epic Games invests in Roblox-like startup Manticore Games

We’ve been writing about popular children’s gaming platform Roblox for some time, including its desire to work with the music industry. It’s not the only platform of its type. Manticore Games is the company behind Core, which is a similar “digital playground and community designed to unleash imagination and explore new play experiences”. It came onto […]

Hi-res streaming service Qobuz raises €10m funding round

Qobuz is the hi-res music streaming service founded in France, which has expanded to 12 countries so far. Now it has a new funding round to fuel further growth. The company has raised €10m ($11.7m) from existing investors Nabuboto (the holding company of CEO Denis Thébaud’s company The Thébaud Group) and Canadian telco and media […]

Tonal is the latest connected fitness startup raising big money

From watching Peloton we know how interesting the connected fitness world is, with exercise devices for the home accompanied by live and on-demand workout videos and other digital features. And we also know that music is often an important part of these services, often with licensing opportunities (and the odd argument) for rightsholders. Anyway, it’s […]

The Chainsmokers launch their own VC fund with $35m to invest

Concerts with disputed social-distancing safety measures didn’t work out so well for EDM duo The Chainsmokers. Perhaps venture capital will go better. Alex Pall and Drew Taggart are launching an early-stage VC firm called Mantis, with backing from some Silicon Valley luminaries including Mark Cuban, Keith Rabois and Ron Conway. TechCrunch reported that Mantis’s debut […]

B2B music firm 7digital raises £6m in new funding

It’s not that long since B2B digital music company 7digital was having serious financial troubles, but it’s been working hard to survive. By January 2020 the company said it had “stabilised itself”, before borrowing £500k in March to use as working capital over the following year. It’s also been announcing new business, including deals with […]

Restream raises $50m to power multi-platform livestreams

Do you want to stream to YouTube, Twitch or Facebook? How about these and a couple of dozen more platforms simultaneously? That’s what the technology of a startup called Restream does, and investors are excited to the tune of a $50m Series A funding round for the company. Sapphire Ventures and Insight Partners led the […]

Tidal makes social VR move with $7m investment in Sensorium

It seems to be the week for music streaming to meet virtual reality startups. VR firm MelodyVR announced plans to acquire Napster, and now Tidal is making an investment in VR company Sensorium Corporation. It’s not a traditional deal though: Tidal has bought $7m in tokens issued by Sensorium – yes, that’s Music Ally’s blockchain […]

Music distribution and services firm Stem raises $10m

Stem is the US-based company that combines tools helping musicians to track their royalties with distribution to digital music services. It has just raised a funding round of $10m from investors including Coach K, the COO of label Quality Control Music; Mark Gillespie, founder of management company Three Six Zero; a number of managers working […]

MelodyVR raises $15.3m to help fund Napster acquisition

Yesterday we reported on MelodyVR’s planned acquisition of streaming service Napster for $26.3m in cash and stock, and wondered why the company was describing it as a $70m deal. A separate announcement from Napster’s majority owner RealNetworks cleared that up: the deal also saw MelodyVR assuming “approximately $44m in payment obligations, primarily to various music industry entities”. The cash […]

Blockchain music service Audius raises $3.1m funding round

We first wrote about startup Audius when it raised a $5.5m funding round in August 2018 for a service that was described as ‘SoundCloud on the blockchain’. When it launched its public beta a year later, it was interesting, but its ‘censorship-resistant’ philosophy created some headaches in the potential for unauthorised uploads, and the difficulty […]

Music recording app Audiobridge launches equity crowdfunder

Audiobridge is one of the startups trying to do clever things in the cloud with the music recording process. Its iOS app enables musicians to work remotely on multi-track projects, recording and uploading tracks from their smartphones to sync them across the devices of their collaborators. The company is also raising money through an equity crowdfunding campaign, hoping to […]

Google joins Facebook with stake in JioSaavn’s parent telco

Reliance Jio Platforms is the parent company of Jio, the largest telco in India and the owners of the JioSaavn music streaming service. The company has been on a spree of funding announcements in recent months – raising more than $20.2bn from various technology companies and investors. We reported on Facebook taking a $5.7bn stake in April, […]

Sony Corporation invests $250m in Fortnite maker Epic Games

Sony Music’s parent company is investing $250m in Epic Games, the company behind Fortnite. Sony Corporation announced the deal yesterday, and said it “allows Sony and Epic to aim to broaden their collaboration across Sony’s leading portfolio of entertainment assets and technology, and Epic’s social entertainment platform and digital ecosystem”. That could spell more opportunities for […]

‘Contextual intelligence’ startup NumberEight raises $2.3m

We’ve written about UK-based startup NumberEight a few times in the past: for example its Midemlab contest pitch in 2018, and its first funding round later that year. The company has been working on “contextual intelligence” technology, using various sensors on smartphones to understand what their owners are doing, and then (after anonymising them) to help digital services serve […]

BoxVR developer FitXR raises $7.5m of Series A funding

If Music Ally’s news has packed a little more… punch recently, it might be because our editor’s lockdown-fitness activity is jabbing, hooking and upper-cutting thin air in virtual reality game BoxVR. Now the game’s developer, British startup FitXR, has raised $7.5m of Series A funding – specifically $6.3m from VC firms and a $1.2m innovation loan […]

Drake’s rap-battle partner Caffeine raises $113m funding round

Microsoft may have closed its Mixer livestreaming service and thrown its lot in with Facebook, but another of Twitch’s live-video rivals has just raised a big funding round. Caffeine is the company, and the round is $113m, with VC firms Andreessen Horowitz and Greylock Partners joining media group Fox Corp in the investment. Bloomberg reported that it values Caffeine […]

Deezer claims $1.4bn valuation with TV Azteca partnership in Mexico

Deezer is doubling down on Latin America courtesy of a partnership with Mexican broadcaster TV Azteca that it says values the music streaming service at €1.3bn ($1.4bn). That’s based on a $40m investment in Deezer by TV Azteca over “a multi-year period”, and would mean that Deezer has not just maintained its ‘unicorn’ status – the […]

Production music firm Artlist raises $48m funding round

Israeli firm Artlist is one of the companies offering a royalty-free catalogue of licensed music (plus video clips and sound effects in its case) to filmmakers, YouTubers and games developers. Launched in 2016, it now has more than one million customers, with YouTube creators having swelled those ranks in recent years – making it a competitor to Epidemic […]

Pre-release promo tool Byta raises $1.9m seed funding round

Pre-release music promo and sharing service Byta has announced a new seed funding of $1.9m. The round was led by the Canadian Media Fund as well as private investors, such as Scott Kannberg (of indie band Pavement). The platform lets artists and labels securely share music with others in the industry ahead of release in a […]

Virtual reality concerts startup Wave raises $30m funding

It’s been a difficult couple of years for many virtual reality startups, with VR headset sales slower than expected, and in some cases funding drying up as investors lost their appetite for immersive content. There have been success stories though: musical VR game Beat Saber has sold more than 2m copies, with Facebook acquiring its developer last […]

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 […]

Napster needs outside funding within the next 12 months

Tech firm RealNetworks has published its quarterly financial results, including as usual figures for music-streaming firm Napster, in which it holds an 84% stake. Napster’s subscription revenues grew from $24.3m in the first quarter of 2019 to $26.3m in the first quarter of 2020: an 8.2% rise, albeit one that reflects the small scale of the […]

Management firm ie:music launches ie:ventures to invest in startups

Yesterday, we reported on the launch of music-making app Endlesss. One of the British startup’s investors is music management company ie:music, through a new arm called ie:ventures. Director Stephen O’Reilly told us more about the new division, and why the company – whose artists include Robbie Williams, Passenger and Ladyhawke – is getting into startup […]

MelodyVR is raising $12m by selling more shares

We reported last week on virtual-reality music startup MelodyVR’s postponement of its planned expansion to Latin America and Asia Pacific, due to the coronavirus pandemic. However, the company’s growth hopes continue: this morning the company – which is public – announced plans to raise $12m of new funding by selling shares to existing and new investors. After expenses, it’ll mean […]

Music monitoring startup Audoo’s latest funding round is £1.5m

Audoo is a British startup that has launched technology for monitoring music played in public spaces, in order to ensure the proper performance royalties are paid. The company has just raised £1.5m (just over $1.9m) in its latest funding round, with investors including Tileyard London – the fast-growing music hub into which Audoo will soon move […]

After 400m downloads, music apps firm MWM raises €50m

French company MWM is responsible for a suite of apps including DJ app edjing; music-making apps like Beatwave 3, Beat Maker Pro and Drum Machine; musician tools like Tuner and Metronome; and educational apps Piano, Guitar and Drums. Those apps have been downloaded more than 400m times so far, putting MWM up there with Gismart in terms […]

Mr Eazi reveals 30 more artists for emPawa Africa program

AfroPop star Mr Eazi’s emPawa Africa is a talent incubator for artists in Africa: you may remember us writing about it in July 2019, when he inked a partnership with YouTube to support his latest cohort of Nigerian artists. Now he has named the latest 30 artists taking part in the program, who’ll all receive a $10k grant […]

Patreon CEO promises no ‘invisible boost’ to Capital creators

Last week, we reported on fan-funding service Patreon’s launch of a new service called ‘Patreon Capital’, providing cash advances to creators, repayable from future income earned on its platform. In an ‘Ask Me Anything’ (AMA) interview on Reddit, CEO Jack Conte has been responding to some of the questions around how the model will work – including one about […]

Mindfulness startup (and Spotify partner) Headspace raises $93m

Back in November 2016, Spotify launched its first ‘bundle’ subscription with another digital service: meditation and mindfulness firm Headspace. The bundle still exists, although according to Headspace it’s only available in Sweden, Denmark, Norway, Finland, the Netherlands and the UK. Since that bundle was announced, Headspace has continued to grow: its latest press release notes that its app has been […]

Abbey Road Red startups have raised $40m of funding so far

Abbey Road Red, the music/tech incubator run by Abbey Road Studios in London, held its latest demo event last night, including an update on its portfolio. “We have now incubated 15 companies across all areas of the value chain, who together have raised $40m and are collectively worth $200m,” said Abbey Road boss Isabel Garvey, […]

20 British artists to share £262k in latest MEGS funding

UK industry body the BPI has announced the latest recipients of the British government’s Music Export Growth Scheme (MEGS) funding, which helps local artists with ambitions to grow their audiences abroad. 20 artists are sharing £261.5k in the 17th ‘wave’ of MEGS grants, which are funded through the government’s Department for International Trade (DIT). There […]

Video-streaming service Quibi raises $400m of new funding

In August 2018, Hollywood mogul Jeffrey Katzenberg and tech exec-turned-politician Meg Whitman made waves by raising $1bn of seed funding for their startup NewTV, with plans to stream high-quality TV shows and films broken up into bitesize 10-minute episodes. Since then, NewTV has been renamed Quibi, and at this week’s CES show in Las Vegas it was […]

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 […]

After 500m app downloads, Gismart kicks off external investment with Jambl

British music-apps developer Gismart has quietly become one of the bigger firms in the apps world, with more than 500m downloads of its products – which include Beat Maker Go, Piano Crush and DJ It. Now the company is starting to invest in external firms, starting with one of the winning music/tech startups from this summer’s Midemlab contest: Jambl. […]

Audio-tech startup Accusonus raises $3.3m funding round

Greek startup Accusonus has raised a Series A funding round of $3.3m, which the five year-old company will use to continue developing its “human-friendly audio software”. That means tools that use machine-learning technology to process audio, within software used by musicians, podcasters and video creators alike. For example, its most-recent product is Rhythmiq, “an instantly playable virtual instrument” […]

Ticketing exchange Lyte announces a $15m funding round

Here’s a new buzzphrase for the live-music industry: ‘post-primary ticketing’. What’s that? According to ticketing firm Lyte, it’s “private label ticketing services offered to fans by the most iconic sports and entertainment brands… a platform that addresses the customer needs ignored by the traditional secondary market, and it does so in a way that is […]

Music-for-gaming startup Five Vectors raises $1m funding round

A startup hoping to forge more links between the music and esports industries has raised a $1m seed funding round. The company is Five Vectors, and its business is focused around working with artists to create original music tracks, which can then be licensed to esports teams and organisations. The company was co-founded by former Universal Music Central […]

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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