Songtradr Scores $30M In New Funding
Songtradr, a global B2B music rights and licensing marketplace, had closed a $30 million Series C funding round at a $165M valuation.
The Series C raise was led by the St. Baker Australian family office and included a number of other prominent Australian family offices as well as several existing Songtradr investors.
This new investment will allow Songtradr to accelerate its global expansion plans, product development and fund key acquisitions. The company has had revenue growth in the first half of 2020 of 160% compared to the same period last year.
“Songtradr is a beneficiary of the significant acceleration of digital adoption resulting from the pandemic. It is an unprecedented time and our focus has been on delivering value to our community of artists, composers and music licensees,” said Paul Wiltshire, CEO of Songtradr. “This capital round will be utilized to execute our long term strategy of developing a data-informed music rights ecosystem that delivers greater efficiencies to the music licensing and rights management processes, and to expand our product offering further.”
Songtradr is a global company headquartered in Los Angeles with offices across Europe and
APAC connecting the platform’s 500,000+ Artists, songwriters and music rights owners to a B2B
marketplace of music users such as brands, advertising agencies, streaming platforms, SVOD
networks, film, TV and gaming companies.