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.
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.
