Songfinch – where musicians earn $100+ for personalized songs – raises $5M from The Weeknd, Doja Cat, Quincy Jones
Personalized music creation platform Songfinch has closed a $5 million Seed round led by Corazon Capital alongside celebrity investors Quincy Jones, The Weeknd and Doja Cat.
Songfinch says that 1200 musicians have created nearly 100,000 personalized songs for fans about things like birthdays, anniversaries and job promotions.
Songfinch charges users $199 per song and artists recieve $100 or 50% of that. If a third verse is requested, the writer gets another $40. The company says about 50% of orders include a third verse and 20% also tip an average of $25.
Based on feedback from artists, it generally takes 30 minutes to 3-4 hours depending on the request, genre, and artist. “Our songs don’t need to be professionally mixed and mastered – just a good enough mix that does not distract from the listening experience,” says Songfinch, but while portions of melodies and tracks can be reused, lyrics and vocals must be custom for each song order.
Artists can opt in our out of any song requests and crucially the wrier retains all of the rights to each song.
Is Songfinch right for you?
Unlike many opportunities to earn money as a musician, Songfinch does not try to tap into an artist’s existing (or non-existent) fanbase. Instead. Songfinch works to attract people willing to pay $200 or more for a custom song regardless of whether or not they have ever heard of the person writing it.
That could make Songfinch an attractive option for musicians still building their own fanbase. This is also money that can be earned while on the road and alongside other income streams.
Artists, of course, need to be their own judge as to whether or not Songfinch is worth their time or if earning 50% is a fair split.
Learn more here.
Bruce Houghton is Founder and Editor of Hypebot and MusicThinkTank and serves as a Senior Advisor to Bandsintown which acquired both publications in 2019. He is the Founder and President of the Skyline Artists Agency and a professor for the Berklee College Of Music.