Revelator Completes $500K Seed Round, Launches Music Biz Platform In U.S.
Revelator has launched its cloud-based music business platform in the U.S. and announced the completion of a $500,000 seed funding round. The company did not provide the source of the funding.
"Revelator removes the cost and effort of providing transparent accounting, by consolidating all revenues into a unified dashboard and automating reporting to rights holders," said Ollie Buckwell, Revelator's Global Head of Business Development. "There's no better way to tackle the problem of transparency than by making it simple and efficient to be more transparent."
Revelator launched its beta in its home base of Israel with 800 local artists. Through a strategic partnership with ACUM, the local Performing Rights Organization, Revelator will soon offer music distribution to an additional 5,000 Israeli artists to enable them to sell their digital content in the top stores and services globally.
In addition to its U.S. launch, Revelator recently signed partnership with Yoel Kenan's Africori, a leading digital music company in Africa, representing over 300 record labels and thousands of artists.
Rossanna Wright, Revelator's VP of Business Development, will moderate a panel ay SXSW Music entitled "Growth Hacking Through Music Tech." The panel will be held on Thursday, March 19 at 2pm and will focus on strategies and tactics for labels and artists to collect and interpret data to grow their business.