SoundMint Raises US$1.7M in Seed Funding


SoundMint, a Los Angeles, CA-based provider of a generative platform for music NFTs, raised US$1.7M in Seed funding.

The round was led by Animoca Brands, with participation from Castle Island Ventures, Focus Labs, Sfermion, Sky Vision, Tess Ventures, and Goodwater Capital.

Led by CEO Andre Benz, SoundMint is a platform that allows musicians to mint generative music.

The company intends to use the funds to build an NFT marketplace to build an NFT marketplace that will allow artists to create their own music NFTs as well as interact with collectors and other creatives, create a dashboard for NFT-holding fans to view exclusive content from artists, and release a token, buyback program and ecosystem fund.

SoundMint will also be launching SoundMint Vinyl, an NFT for current holders to redeem in the future.