{"id":94537,"date":"2021-06-22T00:00:00","date_gmt":"2021-06-21T14:00:00","guid":{"rendered":"https:\/\/www.fnarena.com\/index.php\/2021\/06\/22\/songtradr-raises-us50m-in-series-d-funding-round\/"},"modified":"2021-06-22T00:00:00","modified_gmt":"2021-06-21T14:00:00","slug":"songtradr-raises-us50m-in-series-d-funding-round","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2021\/06\/22\/songtradr-raises-us50m-in-series-d-funding-round\/","title":{"rendered":"Songtradr Raises $US50M in Series D Funding Round"},"content":{"rendered":"

The new capital will fuel growth and scale Songtradr’s data and technology divisions<\/span><\/p>\n\n\n\n
\"\"<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

LOS ANGELES<\/span>, June 21, 2021<\/span> \/PRNewswire\/ — Songtradr, the world’s largest B2B music licensing marketplace, announced today the completion of its oversubscribed US$50M<\/span> Series D funding round bringing the company’s total funding to date to over US$100M<\/span>, valuing the company at over US$300m<\/span>.<\/p>\n

"Songtradr is rapidly accelerating as we continue to develop our tech-enabled B2B music ecosystem and integrate our new acquisitions. Attracting such a blue-chip investor base into this round further endorses our vision of the future music industry in this rapidly evolving digital world, providing a strong foundation for the future," said Paul Wiltshire<\/span>, CEO of Songtradr. "Songtradr experienced over 100% revenue growth year over year in 2020 and we are on track to achieve this again in 2021."<\/p>\n

This funding round included Australian based institutional investors Regal, Aware Super, Perennial, Argo and Greencape and a follow-on investment from Founder\/CEO of Wisetech Global (ASX: WTC), Richard White. The company’s previous Series C round of US$30M<\/span> was completed in August 2020<\/span>.<\/p>\n

"I have watched Songtradr evolve rapidly over the last 3 years. During this time, Paul and his team have not missed a beat in delivering on their vision, which is impressive by any standard." said Richard White<\/span>, Founder and CEO of Wisetech Global. "Songtradr has amplified its strong organic growth and ambitious product roadmap with a highly impactful M&A strategy that further enhances longer term growth potential. I believe the company now has the scale, global footprint and talent to accelerate its plan to transform the music industry."<\/p>\n

Since completion of the Series C funding round, Songtradr has executed an M&A strategy to reinforce its ecosystem with the world’s leading creative and tech-focused music companies, through the world’s largest creative music agency, MassiveMusic, as well as Cuesongs, Song Zu, Pretzel and Tunefind. <\/p>\n

Songtradr is a global company headquartered in Los Angeles<\/span> with offices across Europe<\/span> and the Asia-Pacific<\/span> region, specializing in distributing and licensing music to a range of blue-chip clients including Disney, Netflix, Apple, Coca-Cola, Amazon and Google. The company’s ecosystem connects its 600,000+ artists, songwriters and music rights owners to a B2B marketplace of music buyers such as brands, advertising agencies, streaming platforms, SVOD networks, film, TV, gaming companies and influencers. <\/p>\n

ABOUT SONGTRADR:<\/u><\/b><\/p>\n

Songtradr<\/a> is the largest B2B music licensing marketplace in the world, providing music creators and rights owners with a complete tech-enabled solution for rights management and monetization while providing B2B music users such as brands, advertisers, filmmakers, SVOD and broadcast networks, gaming, streaming and social media platforms with highly-efficient, AI guided access to music. <\/p>\n","protected":false},"excerpt":{"rendered":"

The new capital will fuel growth and scale Songtradr’s data and technology divisions LOS ANGELES, June 21, 2021 \/PRNewswire\/ —…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[105],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/94537"}],"collection":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=94537"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/94537\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=94537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=94537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=94537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}