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Duetti Adds Another $34M to Accelerate Data-Driven Music Financing for Independent Artists
- Duetti has raised $114m in funding, including $34m in equity financing led by Flexpoint Ford with participation from existing investors Nyca Partners and Viola Ventures. The firm is a music-financing platform that empowers independent artists to monetise their catalogues. The company uses its proprietary forecasting, pricing, sourcing, and marketing technology to optimise revenue streams for artists. It has already collaborated with over 500 independent artists. Its latest funding round brought the total equity funding raised to $88m.
- Duetti allows independent artists to monetise their music catalogues on their own terms by using proprietary tools for pricing, sourcing, forecasting and marketing. This allows independent artists to access capital quickly, possibly expanding their reach. Duetti offers flexible deals and extensive promotional support without the complexities of traditional music financing, tying artists into complex contracts.
- The company targets independent musicians with its platform, which offers data-driven pricing and marketing services for artists to monetise their work transparently and effectively, the independent music sector has a substantial percentage of global music revenue.
- Validation of Duetti's approach to music financing and catalog monetisation proved to be a significant factor in drawing in investors. The firm’s long-term growth potential for the independent music sector and support of independent artists looks attractive. With a proven ability to increase visibility and distribution impact for artists and a pipeline of fast-turnaround financing solutions.
- In the next six months, Duetti plans to expand catalog acquisitions, growing its audience-impact programs like its playlist network and sync placements, which have a long-term potential for growth in this sector.
- The CEO, Lior Tibon, and co-founder Christopher Nolte, recognised a gap in accessible financing within the independent music sector. They relate this issue to their background at TIDAL and Apple Music and desire to democratise the music industry by providing the same financial opportunities that are often reserved for those in the major label system.
- Duetti says it's committed to supporting independent artists and ensuring they have access to the resources they need to thrive, regardless of the broader economic climate. Historically, one of the most attractive attributes of the music industry from an investment perspective is that it is relatively uncorrelated to the broader economy.
- Duetti added $114m to accelerate data-driven music financing to independent artists. Through Duetti’s proprietary technology, independent artists can access capital quickly, freeing them from the constraints of traditional record label deals. The firm’s extensive promotional support allows artists to benefit from an end-to-end solution that grows their audience and revenue streams
- Investors recognised that Duetti stands out for its unique approach to music financing and catalog monetisation. With a proven ability to increase visibility and distribution impact for artists and a pipeline of flexible, fast-turnaround financing solutions. Their investors see Duetti as uniquely positioned to address the evolving needs of musicians today.
- Duetti’s near-term goals are to expand catalogue acquisitions and increase awareness in key music markets. The company’s efforts may further empower the current and next generation of independent artists.
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