Music Industry News

Livestreaming Concert Startup Mandolin Raises $5 Million In Seed Capital

Photo Credit: Pien Muller Mandolin, a livestream concert startup backed by software as a service (SaaS) venture studio High Alpha, has raised $5 million in seed capital. Mandolin recently announced the successful seed-funding round, which marks its first fundraising effort since debuting in June. Indianapolis, Indiana-headquartered High Alpha contributed the largest piece of the $5 […]

Music Industry News

The Music Fund Has Money for Musicians Who Can’t Tour, But Still Have Streaming Income

Spotify for Artists: just one touchpoint used by The Music Fund to assess upfront cash offers. With the coronavirus (COVID-19) pandemic continuing to wreak havoc on live touring, artists are having a particularly difficult time making ends meet. But that’s sparking more innovation from non-touring areas, with players like The Music Fund focusing on ways […]

Music Industry News

Tracklib Scores a $4.5 Million Round from Sony, Eelko van Kooten, Others

Swedish music sampling startup Tracklib has raised $4.5 million from an array of investors, including Sony (via its Innovation Fund) and Spinnin’ Records co-founder Eelko van Kooten. Tracklib revealed its funding milestone in a press release this morning, and the announcement was shared with Digital Music News. In the press release, Tracklib execs indicated that […]

Music Industry News

Jimmy Iovine Powers Funding Round for FaZe Clan Gaming Platform

Photo Credit: FaZe FaZe Clan is announcing an exclusive partnership with an e-commerce and merch company, Ntwrk. Ntwrk offers limited edition product drops from sports stars like LeBron James and singers like Billie Eilish. Ntwrk led the funding round for FaZe Clan, securing the global direct-to-consumer product rights. Jimmy Iovine is a crucial investor in […]

Music Industry News

7digital Secures a Critical Loan to Keep the Lights On

7digital has sealed a critical loan from a UK-based lender, prolonging the company’s hunt for profitability. London-based digital music and radio services platform 7digital has secured a 12-month, $646,000 (£500,000) loan, and company executives are confident that the funds will help their brand to regain its professional footing and re-establish its position in the market. […]