SourceAudio, a Los Angeles-based platform that connects buyers and sellers of licensed music, raised $1.2m in seed funding.
According to TechCrunch, the backer was Emerson Investment Group.
Co-founded by CEO Geoffrey Grotz and VP of Tech Ryan Cramer, SourceAudio provides a cloud-based music licensing platform platform that allows users to distribute, discover, download, and license music music and sound design tracks.
Clients have the ability to manage tracks with distribution features, customizable track metadata, and advanced reporting tools that allow monitoring of external plays, downloads and other user behavior. The company maintains client branding, including the option for hosting on a client’s URL.
It hosts over 600 music catalogs, 3,400 music labels, and 4 million tracks.