Artlist, an Israeli provider of a full suite of royalty-free licensed music, stock video clips, and sound effects for digital creative industries, raised $48M in funding.
The round was led by KKR with participation from existing investor Elephant Partners.
The funds will be used to expand the company’s digital stock offerings.
Founded in 2016 by co-CEOs Ira Belsky and Itzik Elbaz together with Assaf Ayalon and Eyal Raz, Artlist builds and maintains a catalogue of creative digital assets including stock music and sound effects that creative industry producers can use on a subscription basis in videos, games and music without worrying about copyrights or other legal issues. The company also owns the website Artgrid, where content creators can access a large catalogue of stock footage (video clips).
Artlist, which has already licensed more than 20 million digital assets over the past 4 years, will also look to expand into new adjacent categories both organically and via acquisitions.