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# Royalty Exchange Sold To Undisclosed Buyer
- URL: https://www.hypebot.com/royalty-exchange-being-sold-to-undisclosed-buyer/
- Published: 2015-09-13T17:42:00.000Z
- Updated: 2015-09-13T17:42:00.000Z
- Description: Royalty marketplace Royalty Exchange, which had auctioned the rights to Coolio’s “Gangsta’s Paradise," had raised $3.4 million through October 2014 from two investors - Grotech Ventures and IDEA Fund Partners. Now the startup. Continue reading [https://www.hypebot.com/hypebot/2015/09/royalty-exchang
- Author: Bruce Houghton
- Tags: Music Tech, Startups & Funding, American City Business Journals, Andy Warhol, Bernie Taupin, Bon Jovi, Branded content, Company, Diamond Resorts International, Do I, Ed Sheeran, Elton John, Emotion, Grotech Ventures, Job Growth, Layoff, Morning Edition, MSNBC, North Carolina, Outer Banks, Pro Tools, Social Media, #wp, #wp-post, #Import 2026-01-21 10:28

[ ](http://hypebot.typepad.com/.a/6a00d83451b36c69e201b8d156571d970c-popup?ref=hypebot.com)[![image from sovyachts.com](http://hypebot.typepad.com/.a/6a00d83451b36c69e201bb0870c212970d-150wi "image from sovyachts.com")](http://hypebot.typepad.com/.a/6a00d83451b36c69e201bb0870c212970d-popup?ref=hypebot.com)Royalty marketplace **Royalty Exchange,** which had auctioned the rights to **Coolio’s “Gangsta’s Paradise**," had raised **$3.4 million** through October 2014 from two investors - **Grotech Ventures** and **IDEA Fund Partner**s. Now the startup has **run out of money**.

Online marketplace Royalty Exchange is being sold after failing to raise needed additional capital. “Our model needed continuous funding,” Sean Peace, founder of the North Carolina based startup told the local [Triangle Business Journal](http://www.bizjournals.com/triangle/blog/techflash/2015/09/royalty-exchange-founder-sells-company-assets.html?ref=hypebot.com) . “We just weren’t able to continue to secure that.”

[![image from www.hypebot.com](http://hypebot.typepad.com/.a/6a00d83451b36c69e201b8d156571d970c-200wi "image from www.hypebot.com")](http://hypebot.typepad.com/.a/6a00d83451b36c69e201b8d156571d970c-popup?ref=hypebot.com)

Peace did not disclose the buyer or the terms, saying that he’s no longer involved with the company and that the sale is still in the paperwork phase.

As of this writing, there were no active deals on the [Royalty Exchange](http://www.royaltyexchange.com/?ref=hypebot.com) site. There's also no word yet as to whether or not Royalty Exchange's sister site [Royalty Guru](https://www.hypebot.com/royalty-exchange-launches-aria-providing-royalty-insights-at-light-speed/) is also part of the sale.

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