Duetti Closes $90M in Funding

Feb 15, 2024•over 1 year ago

Amount Raised

$90 Million

Round Type

seed

New YorkFinancial Services

Investors

Northleaf Capital PartnersCohen CircleDuettiViola VenturesNyca Partners

Description

Duetti, a NYC-based music financing platform, raised $90M in funding. The funding included $15M of new equity, alongside a new $75M credit facility. The company intends to use the funds to further acquire catalog tracks at scale.

Company Information

Company

Duetti

Location

New York, United States

About

Duetti was founded by Lior Tibon, former COO of TIDAL, and Christopher Nolte, former Business Development executive at Apple Music, with the mission of getting a wide range of artists quick and easy access to catalog sales and unlocking new investment opportunities. Leveraging their experience in streaming and support from music and tech's most innovative investors including Viola Ventures and Roc Nation, Duetti's music financing platform has helped over 60 artists receive up to $400,000 for their catalog and single-track masters. The unique model provides data-driven prices for established tracks, allowing artists to sell individual tracks or even parts thereof, while Duetti then markets those tracks going forward using unique ROI-focused techniques.

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Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends