TuneGO has raised $3.6 million in Series A financing. This is not the first startup promising to connect unknown talent with the music industry's star making machine; and it won't be the last. But investors see something special in the TuneGO team and their use of technology to democratize and enhance A&R.
TuneGO has closed a Series A financing round totaling more than $3.6 million. Falcon Capital acted as a strategic adviser in closing the round. No other details of who participated in the funding were provided. The company, which launched with a small crowdfunding campaign in 2013, has raised $5.3 million to date.
TuneGO creates a "FICO Score" for music talent and works to connect artists and bands with fans, producers and industry decision makers.
The core TuneGO team includes:
- CTO Stacy Haitsuka (Founder of NetZero) and Ron Dante ($650 million in global music sales) on the management side
- Mark Goldston (Former President and CEO United Online, L.A. Gear and Faberge) and Chris Murray, who founded ABT Corp., on the Board of Directors
- Ron Dante, Desmond Child, Peter Asher, and John "Jellybean" Benitez, are among the award-winning, platinum selling music producers who collectively have sold over $5 billion in global music sales
"Our investors understand the real value that TuneGO provides to the independent artist and to the music industry," said John Kohl, co-founder and CEO, TuneGO. "And this funding will be used to rapidly expand the TuneGO user base, advance the technology platform that adds value to our target markets, and increase our overall infrastructure and reach within the music industry."