YOOM raises $15 million in a star-studded round of investment from the likes of Finneas and Jimmy Iovine. YOOM, founded in 2016 by Dr. Miky Tamir and Micha Birnboim and known initially as Tetavi, has raised $15 million from its star-studded investor li…
Category archives: Music Startups
The Music Acquisition Corp., Once a High-Flying SPAC, Is Getting Delisted by the New York Stock Exchange
The Music Acquisition Corp. (TMAC.U) is seeking shareholder approval to liquidate its trust early. The SPAC doesn’t have a completion deadline until February 5, 2023, but the board believes market conditions make it unlikely to secure a business …
Scooter Braun, Alex Rodriguez Drop $30MM on Virtual Concert Startup Wave
Virtual concert platform Wave has garnered $30 million in funding from investors including longtime Justin Bieber manager Scooter Braun and MLB great Alex Rodriguez. Bonnaroo co-producer Superfly, Twitch co-founder and former COO Alex Lin, and Californ…
Audiomack Is Quietly Discovering Artists Before TikTok, Spotify, and SoundCloud
“We’ve created an app where young music fans go every day,” said Dave Ponte, CMO and Co-Founder at Audiomack. Spotify is great at blowing up superstars like Drake and Ed Sheeran. But where are other artists getting incubated and developed? That’s the s…
VC Fund DBTH Capital Just Raised $38.4 Million to Invest in Music Rights Tech, AI + Blockchain
Now there’s even more capital for blockchain, AI, and music rights tech startups and initiatives. The latest beneficiary of this is DBTH Capital, which is a venture capital firm founded by longtime French music executive Virginie Berger. In a LinkedIn …
Sony/ATV Inks a Global Deal With Troy Carter’s Freshly-Hatched Q&A
Sony/ATV has reached a deal with Q&A to administer the music/tech company’s publishing catalog. The Q&A deal comes just a month after Troy Carter and J. Erving announced Q&A. The music tech company is based in Los Angeles and offers distrib…
Dubsmash Is Back, and Focused Entirely on Dance Challenges
Dubsmash is back, but not in the way you expected. A few days ago, The Register reported hackers had breached several services, obtaining 617 million online accounts from several sites. Dubsmash was included among the likes of MyFitnessPal, 500px, Coff…
Why Blockchain Isn’t Even Close to Fixing Musicians’ Problems
According to a new study published by Choon, a blockchain-based streaming platform, 52% of people said they would use an alternative streaming music service if it rewarded artists more fairly. 76% said they’d love to see their favorite musicians …
After Squandering $180 Million, Guvera CEO Plans To Launch New Music Business
Former Guvera CEO Darren Herft fooled investors once. Will he do so again? Two years ago, Australian-based streaming music startup Guvera managed to raise $100 million from wealthy families. CEO and co-founder Darren Herft promised that it represented…
Forget SoundCloud, Musical.ly & YouTube: Spotlite Is the Next Talent Incubator
In some senses, future superstars don’t have to be ‘found’ anymore. SoundCloud propelled Post Malone and Kygo; Musical.ly gave us Baby Ariel and Anna Zak. Of course, it’s difficult for one platform to single-handedly deliver a brand-new artist. But t…