[UPDATED] Spotify joint venture Soundtrack Your Brand has raised $22 million to expand its music for business service. The round was led by Balderton Capital and Industrifonden and will be used to expand globally and evolve its service which allows business to select and play licensed music in stores and other retail locations.
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.
Although internet radio has in many ways been a large asset to the music industry, allowing artists to launch shows, stations, and further connect via this new platform, however being able to track spins on internet radio has always been notoriously difficult, something which DigitalRadioTracker may make easier.