Vampr, a Nashville and London, UK-based platform dubbed the LinkedIn for creatives, raised a further £570k ($790k) in funding.
In an oversubscribed crowdfunding round, the company raised the maximum permitted in a 12 month window under Reg CF laws with over 2,000 investors. This took its total funding raised to £1.9M ($2.6M).
The company intends to use the funds for further expansion with a desktop experience and new live streaming tools planned to allow creatives to broadcast their performances to the world.
Founded in 2015 by The Music Network‘s 30 Under 30 Power Player, Josh Simons, and songwriter/guitarist and tech entrepreneur, Baz Palmer, Vampr is a social music-tech platform allowing creatives to find people to collaborate with, create new music and monetize their work.
The platform has been designed to provide everything from distribution, publishing, education and other digital services to a network of over 750,000 users. The company’s premium service, Vampr Pro, includes digital distribution, allowing users to share their music on leading music streaming platforms such as Spotify, Apple Music and YouTube, while keeping 100% of their royalties.
Vampr is already used by many industry heavyweights to source new talent: from Kanye West’s Grammy-winning producer, Antony Kilhoffer, to Rae Khalil from hit Netflix music competition show, Rhythm + Flow, hosted by Queen Latifah and Chance The Rapper. Everyone from music industry executives at Warner, Sony and Beatport, to institutional investors, NHL players and even stay-at-home parents have invested in the Vampr platform.