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Apps Music Music Streaming North America

TikTok and Snap alums launch mayk.it, a social music creation app, with $4M in seed funding

– Social music app mayk.it launches on iOS and announces its $4m seed round from investors including Greycroft, Chicago Ventures, Slow Ventures, firstminute, Steven Galanis, Randi Zuckerberg, YouTuber Mr. Beasts’ Night media, Spotify’s first CMO Sophia Bendz, Cyan Banister, artist T-Pain and music industry veteran Zach Katz, among others.
– The app lets users create, own and share music that they can create using just their phone.
– Users can upload their own beat or select an existing beat from another user, then add vocals (voice effects and somewhat corny lyric generators are available if you’re shy), and then add a visual from Giphy.

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Eastern Asia Music

Allsaints Music Group Raises $60M in Series B1 Funding

– Allsaints Music Group is a Hong Kong, China-based music platform.
– The company raised $60M in Series B1 funding.
– The round was led by CMBI and OPPO with participation from Xiaomi and Hui Capital.
– The new investment will be used to accelerate growth and expand operations.

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Marketplace Music Western Europe

Musiversal Raises €1.36M in Seed Funding

– Musiversal is a Lisbon, Portugal-based music production platform.
– The company raised €1.36m in seed funding.
– The round was led by Shilling with participation from existing investors LC Ventures, REDangels and Best Horizon.
– The new investment will be aimed at accelerating the growth of its music production as a service and quadruple the number of its users.

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Audio Internet Radio Music Music Streaming North America Social Social Entrepreneurship Social Media

EarBuds Raises $3M in Funding

– EarBuds, an Austin, TX-based real-time social music app, closed a $3m funding round.
– The round was led by Ecliptic Capital with participation from the Andre Agassi Foundation and LFG Ventures.
– The company intends to use the funds to create new tools to allow EarBuds hosts to better connect with their listeners and monetize their streams.

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Internet Logistics Music North America

DistroKid Receives Investment From Insight Partners, Valued at $1.3 Billion

– DistroKid from New York develops online tools and services for music distribution, monetization, metadata customization, storage, and promotion.
– The amount of the deal was not disclosed.
– Company received an investment from Insight Partners.
– The new investment will be used to accelerate development of its suite of tools for musicians.

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Music Western Europe

Nomono Raises €5.4M in Late Seed Funding

– Nomono is a Trondheim, Norway-based audio technology startup.
– The company raised $5.4m in seed funding.
– This round led by Sintef Venture and Spintop Ventures, saw the participation new investors including Tvenge og Adolfsen.
– The company intends to use the funds to accelerate research, development, and growth.

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Artificial Intelligence Machine Learning Music North America

Music-Tech Startup Moises Raises Oversubscribed Seed Round of $1.6 Million

– Music-tech startup Moises announced it has raised an oversubscribed seed financing round of $1.6 million.
– The company is based in Salt Lake City with staff in the Brazilian cities of São Paulo, Rio de Janeiro, Recife, Foz do Iguaçu, and João Pessoa.

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Biotechnology Health Care Music North America Therapeutics

MedRhythms Closes $25M Series B Funding Led by Morningside Ventures and Advantage Capital to Advance Digital Therapeutics Platform

– MedRhythms announced the closing of a $25m Series B financing round co-led by Morningside Ventures and Advantage Capital, with participation from existing investor Werth Family Investment Associates.
– The proceeds from the Series B financing will enable MedRhythms to expand its team and key corporate functions as the company commercializes its flagship product for chronic stroke survivors with walking deficits and advances its digital therapeutics pipeline.

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Ad Targeting Analytics Big Data Music North America

Audigent Raises $19.1M in Series B Funding

– Audigent, a New York-based provider of first party data platform For sports, entertainment & lifestyle, raised $19.1M in Series B funding.
– The round was led by Go Philly Fund, a joint venture between Ben Franklin Technology Partners and EPAM Systems, Inc., with participation from both existing and new investors including Broadscale Group, Raised in Space, MathCapital, Riverpark Ventures and others.
– The company intends to use the funds to broaden the reach of its cookieless PMP products and HALO IDTM while also expanding its sales and marketing efforts globally.

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Music North America

Breakr raises $4.2M to connect influencers with emerging musicians

– Music app Breakr raised $4.2m in seed funding.
– The round was led by Slow Ventures and joined by others investors.
– The company plans to use the funding to expand its influencer network.

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Digital Entertainment Digital Media Information Technology Internet Music Music Streaming North America

Mandolin Scoops Up $12M Series A Round

– Mandolin, the tech-focused digital fan engagement company, has closed a $12m Series A funding round.
– The financing round was co-led by 645 Ventures and Foundry Group, with returning investments from High Alpha and Marc Benioff’s TIME Ventures as well.
– Mandolin helps artists and venues create connections with fans and prosper through the music they produce.

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Digital Entertainment Digital Media Marketplace Music Music Streaming North America

Songtradr Raises $US50M in Series D Funding

– Songtradr is a B2B music licensing marketplace.
– The company raised $50M in Series D funding, bringing total funding to over $100M.
– The round was led by Regal, Aware Super, Perennial, Argo and Greencape, as well as Founder/CEO of Wisetech Global (ASX: WTC), Richard White.
– The new investment will be used to expand the company’s growth organically and through acquisitions.

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Audio Audiobooks Children Content EdTech Hardware Internet Radio Music Podcast Western Europe

Audio Platform For Kids Yoto Raises $17 Million

– Yoto is an audio platform for kids.
– The company raised $17m in Series A funding.
– The round was led by Acton Capital with participation from JamJar Investments, Global Founders Capital, Emerge Education, and MPL Ventures.
– Yoto Player is inspired by Montessori principles and is designed to safely give children full control over their listening with access to entertaining audio.

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Blockchain Collectibles Marketplace Music North America

OneOf Raises $63M Seed Round

– Music-focused non-fungible token (NFT) platform OneOf has raised $63m to support what it calls its mission to become a more environmentally sustainable marketplace for artists and fans.
– Participating investors in the impressive seed funding round included environmental activist Bill Tai, Nima Capital’s Suna Said, Sangha Capital, tech investor Jack Herrick and the Tezos Foundation.
– The OneOf platform was built on one of the longest-running blockchain Proof of Stake protocols – and it uses 2 million times less energy than platforms operating on Ethereum, offering crucial solutions for long-term sustainability (minting an NFT is equivalent to sending a tweet).

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Music North America Social Media

Call it a comeback: Turntable.fm raises $7.5M

– Turntable.fm, a social music service, raised $7.5m funding.
– The round was led by Andreessen Horowitz and joined by other investors.
– The company plans to use the funding to continue to innovate and explore the cross section of social + music.
– The company is hiring engineers and designers.

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Android Apps iOS Mobile Music North America

Rapchat tunes into $2.3M as its music-making app hits 7M users

– Rapchat, a music creation app, raised $2.3m in funding.
– The round was led by Sony Music Entertainment and NYC VC firm Adjacent.
– The company plans to use the funding to continue expanding the scope of what you can create on its platform, including growing the prize pools for Rapchat’s “Challenges” competition series; expand to have more artists, producers and industry executives on the platform for mentoring; and to extend that platform’s reach to integrate more deeply with the likes of TikTok, Snapchat, Spotify and Apple Music — platforms where creators are already making a lot of content, and where music is figuring strongly in that effort.
– Rapchat is definitely not the only, nor the first, company to think of how to address music creators within the bigger creator economy.

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E-Learning Music Music Education Western Europe

Yousician raises $28M to make music education more accessible

– Yousician, a music education company, raised $28m in Series B funding.
– The round was led by Atomico and joined by existing investors Lifeline Ventures, Draper Esprit, and Inventure.
– It brings Yousician to a valuation of $100m.

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Media and Entertainment Music North America Podcast Sponsorship Video

Patreon Fuels the Future of the Creator Economy with $155 Million in Additional Funding

– Patreon, a platform for creators and their most passionate fans, today announced it has raised $155 Million in Series F financing led by new investor Tiger Global Management, with participation from Woodline Partners and existing investors Wellington Management, Lone Pine Capital, New Enterprise Associates (NEA), Glade Brook Capital, and DFJ Growth.
– This investment comes as the number of creators continues to increase worldwide along with their desire to create deeper connections with their fans.
– The additional investment increases Patreon’s valuation to $4 billion.
– Patreon plans to use the additional funds to accelerate its progress on the initiatives identified in its Series E announcement, including enhanced creator and fan experiences on both desktop and mobile; International expansion; and new content consumption tools.
– The financing also allows Patreon to explore potential acquisitions to further expand its talent and product capabilities.

Audio Marketing Media and Entertainment Music Music Label North America

UnitedMasters Secures $50M Series B

– UnitedMasters, an independent music distribution platform and tool factory, has raised a $50m Series B round led by Apple.
A16z and Alphabet are participating again in this raise.
– United Masters is also entering a strategic partnership with Apple alongside this investment.

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Digital Entertainment Digital Media Europe Media and Entertainment Music Music Streaming Video

Epidemic Sound Raises $450M Funding at $1.4 Billion Valuation

– Epidemic Sound is a Stockholm, Sweden-based platform for restriction-free music.
– The company raised $450m in funding at a $1.4b valuation.
– Backers included funds managed by Blackstone Growth and EQT Growth.
– The new investment will be used to expand the company’s business reach internationally to reach new creators in both existing territories like North America whilst also localizing its digital offering and to invest in the core user experience it offers.

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Content Delivery Network Developer Tools Messaging Mobile Music North America Photo Sharing SaaS Social

Songclip™ Announces $11 Million in New Funding

– Songclip™ announced that it has raised $11m in new funding.
– The round was led by Gregg Smith of Evolution VC Partners.
– Songclip works in partnership with the music industry to properly protect and monetize music IP, opening up a new $5 billion marketplace for music in apps.
– This new raise includes participation by The Kraft Group, Michael Rubin, Raised in Space, Gaingels, and Forefront Venture Partners.
– Industry executives Jason Flom, Steve Greenberg and the band AJR, join previous investors such as iHeartMedia Ventures, SWAT Equity Partners and Northwood Ventures.
– To date, Songclip has raised $22m.
– Songclip works on behalf of the music industry to supply back-end technology and licensing to facilitate music integrations, compliance, measurement and monetization across a variety of consumer app sectors.

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Content Delivery Network Developer Tools Messaging Mobile Music North America Photo Sharing SaaS Social

Songclip raises $11M to bring more licensed music to social media

– Songclip, a music search and sharing platform, raised $11m in funding.
– The round was led by GGV Capital and joined by existing investors including Sequoia Capital, Upfront Ventures, and Shasta Ventures.
– The company plans to use the funding to expand its team and grow its technology.

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Audio Internet Music North America

Sounder Raises $2.15M in Follow-On Seed Funding

– Sounder is a NYC-based provider of a podcast management and monetization platform built for creators.
– The company closed a $2.15M follow-on round for a total of approximately $4M of seed financing raised in 14 months.
– The latest raise was led by Ulu Ventures, with participation from Newark Venture Partners and Xoogler.co.
– The company will use the funds to further advance its proprietary search, speech-to-text and contextualization technologies as well as establish a new R&D center of excellence in New York.

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Collaboration Media and Entertainment Music North America

Splice Raises $55M in Funding

– Splice is a New York-based provider of an AI-powered beat-making software platform for MUSIC producers.
– The company raised $55m in funding.
– Backers included Goldman Sachs and MUSIC, a joint venture between MUSIC executive Matt Pincus and Liontree.
– The company intends to use the funds to continue to expand operations and its business reach.

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Europe Mobile Music Social Network

Vampr Raises £570k in Funding

– Vampr, a Nashville and London, UK-based platform dubbed the LinkedIn for creatives, raised a further £570k ($790k) in funding.
– In an oversubscribed crowdfunding round, the company raised the maximum permitted in a 12 month window under Reg CF laws with over 2,000 investors. This took its total funding raised to £1.9M ($2.6M).
– The company intends to use the funds for further expansion with a desktop experience and new live streaming tools planned to allow creatives to broadcast their performances to the world.

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