Duetti, a New York-based music financing startup, raised $32M in funding.
Backers included Viola Ventures and Viola Credit, Roc Nation, Untitled and Presight Capital.
The company intends to use the funds to scale the business to match the demand by expanding the team, partnering with new artists, and implementing new financial optimization opportunities for acquired tracks and catalogs.
Founded by Lior Tibon, former COO of TIDAL, and Christopher Nolte, former Business Development executive at Apple Music, Duetti is a music financing platform that allows artists to access a cash payout that they have control over – whether they’re looking to buy a house, fund a tour, or record their next project. Since starting its initial operations, Duetti has enables over 60 independent artists including CVBZ, Sylvan LaCue, and Croosh, to partner on deals across over 100 tracks. To date, the company has facilitated music rights acquisitions that saw artists receive up to $400,000 per deal.
FinSMEs
03/05/2023