StarMaker, a San Francisco, CA-based digital-first music talent platform, raised $6.5m in Series B financing.
The round was led by Raine Ventures with participation from Crosscut Ventures, Three Bridges Ventures, Qualcomm Ventures, iGlobe Partners, GREE International, as well as Allen DeBevoise of Machinima and Joe Perez of Tastemade.
The company intends to use the funds to expand its global platform to as well as launching its programming initiatives.
Led by and Nathan Sedlander, President and co-founder, and Jeff Daniel, CEO and co-founder, StarMaker Interactive operates a digital music talent and promotion platform with a vertically integrated rights-based digital music network. The company has signed licensing deals with major music publishers working closely with labels including Atlantic, Columbia, Island Def Jam, Hollywood and RCA.
It has also partnered with The Voice, American Idol, Universal Pictures and Philips Electronics, among others.