Music Industry News

Splice Is Now Valued at $500 Million Following $55 Million Raise

Photo Credit: Markus Winkler Cloud-based music-creation platform Splice has raised an additional $55 million at a total valuation of nearly $500 million. The eight-year-old company announced its $55 million funding round, which reportedly brought with it an almost half-billion-dollar valuation, in a formal release. This Series D, which follows a $57.5 million Series C from […]

Music Industry News

MelodyVR Raises $9 Million In Convertible Note Funding After Acquiring Napster

A little over a month after officially completing its $70 million acquisition of Napster, VR startup MelodyVR has generated more than $8.97 million (£6.48 million) in convertible note funding. MelodyVR recently announced the multimillion-dollar fundraising effort, which will see Swiss corporate finance services provider Nice & Green SA front a total of 648 loan notes […]

Music Industry News

Clubhouse Confirms a Massive Series B — With a Valuation Rumored at $1 Billion

The Clubhouse icon. Photo Credit: William Krause Audio-driven social platform Clubhouse has formally announced the completion of its Series B funding round – reportedly consisting of $100 million in raised capital at a $1 billion valuation. Clubhouse founders Paul Davison and Rohan Seth acknowledged their company’s successful Series B in a recent blog post entitled […]

Music Industry News

Warner Music Group Joins Roblox’s $520 Million Raise Ahead of Wall Street Direct Listing

Warner Music Group has participated in Roblox’s $520 million Series H funding round ahead of the social gaming platform’s debut on the public market through a Spotify-style direct listing. Roblox recently announced the more than half-billion-dollar funding round’s completion in a general release. Shares cost $45 apiece in the Series H, valuing the 15-year-old entity […]

Music Industry News

Lyte Raises $33 Million In a Series B Round — They’ll Need It to Take on Ticketmaster

Photo Credit: Matthew Kalapuch Live event ticketing platform Lyte has raised $33 million in a Series B funding round – capital that they’ll need as they attempt to take on Ticketmaster once concerts and music festivals resume. Lyte higher-ups unveiled the $33 million fundraising round – which arrives about 14 months following the company’s $15 […]

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 […]