ArtistWorks, a Napa, Calif.-based online music education company, held the first closing of its Series A funding and the completed a $1.1M growth debt financing.
The $1.6M Series A funding will remain open to investors through Dec. 31, 2017.
Montage Capital provided the debt financing.
The company will use the proceeds from the funding to build and promote the new ArtistWorks “School of Music” online that will be the musical home to existing amateur players and in 2018, high school students. Any musician will be able to enroll in the ArtistWorks Accredited Music Program and receive a Certificate of Completion after successful achievement of the requirements. High school students will be able to earn course credit for learning to play a musical instrument online at ArtistWorks.
Co-founded by former AOL executive technologist David Butler (Chairman) and former financial executive Patricia Butler (CEO), ArtistWorks has built an online system to enable anyone to get direct feedback from a master teacher anywhere in the world. The company’s patented video exchange learning platform enables 35 world-renowned musicians to teach music by providing comprehensive, progressive video lessons and direct, asynchronous video feedback to online students.
ArtistWorks will now expand its learning experience to music students in grades 9-12 beginning in the second quarter of 2018.
Currently, the online music faculty teach players in 80 countries and have recorded over 850 hours of music lessons categorized by instrument and genre. The 35 online music teachers have completed over 50,000 “Video Exchanges®” with their global student body.