Revelator, a Jerusalem, Israel-based music business platform provider, raised $500k in seed funding.
The backers were not disclosed.
The company intends to use the funds to continue to expand operations.
Led by Bruno Guez, founder and CEO, and Ollie Buckwell, Global Head of Business Development, Revelator integrates sales, marketing, accounting and analytics into one unified cloud-based system to provide simplified workflows, automation and efficiency for both independent artists and record labels to run their business across distribution, promotion, business intelligence and data visualization.
It offers a monthly low-cost Business-as-a-Service subscription and also plans to generate revenue from bundling add-on services and features sold a la carte, as well as transactional and marketplace commerce.
The company has launched its Beta in Israel, serving over 800 Israeli artists. Through a strategic partnership with ACUM, the local Performing Rights Organization (PRO) in Israel, Revelator will soon offer music distribution to an additional 5,000 Israeli artists to enable them to sell their digital content in the top stores & services globally. In addition to its U.S. launch, Revelator is pursuing its global expansion through a recently signed partnership agreement with Yoel Kenan’s Africori, a digital music company in Africa, representing over 300 record labels and thousands of artists.
FinSMEs
11/03/2015