Cinq Music, a Los Angeles, CA-based record label, distribution, and rights management company, raised $20m in series B funding.
GoDigital Media Group, a media and technology company focused on intellectual property rights management, made the investment.
The company will use the funds to purchase music rights, both masters and publishing, and to further expand internationally.
Led by President Barry Daffurn, Cinq is a data-driven record label, distribution, and rights management company providing a suite of online tools to upload assets, view analytics, and access data any time.
In the last year, Cinq released five number one Indie records on the Billboard Urban and Tropical Charts and was nominated for Latin Rhythm Label of The Year at the 2016 Latin Billboards.
The company has offices in Los Angeles, New York, Orlando, Bogota, Medellin, Seoul, Minsk, Colombo.