Soundstripe, a Nashville, Tenn.-based tech-enabled production music startup, raised $2m in financing.
Craft Ventures made the investment, just a few months after raising a $4M Series A round.
The company intends to use the funds to grow its presence in the production music space, to invest further in music acquisitions and partnerships, and to expand their relationships in that space, especially with producers, songwriters, and engineers.
where its unique subscription model has resulted in over 2 million “micro-licenses” being issued in over 130 countries since its inception in 2016. The funding will also enable the company
Led by Travis Terrell, Co-CEO, Micah Sannan, Co-CEO, and Trevor Hinesley, CTO, Soundstripe is a provider of unlimited, royalty-free music for video, driven by a subscription model that lets video producers pay a fee for usage of the music in the catalog. That music is created by a team of composers, mix engineers, songwriters, producers, and other music industry professionals employed by the company.
Licenses cover all uses and remain in effect should a video producer choose to cancel their membership or let it expire.
This approach has led to over 2 million licenses being issued for tens of thousands of customers in over 130 countries since inception in 2016.