Duetti: Revolutionizing Music Financing with $90 Million Funding
February 19, 2024, 12:59 pm
Duetti, a music financing platform shaking up the industry, recently secured a whopping $90 million in funding. This includes $15 million in new equity and a substantial $75 million credit facility. The equity financing was spearheaded by Nyca Partners, Viola Ventures, and Cohen Circle, while the credit facility was provided by Northleaf Capital Partners.
Duetti's innovative model aims to democratize the music business by enabling independent artists to monetize their catalogs. This funding boost highlights the platform's ability to acquire catalog tracks at scale and signals a bright future for the independent music market.
With offices in New York, Los Angeles, and Miami, Duetti has quickly become a trusted partner for over 250 artists, including names like Olivia O'Brien and Sevyn Streeter. Offering financial options ranging from $10,000 to $2 million per transaction, Duetti is empowering artists to take control of their careers in ways previously reserved for A-listers.
The independent artist segment has seen exponential growth in recent years, with a significant increase in global streaming numbers. Duetti's data-driven approach and unique marketing capabilities have positioned them as a key player in the music investment space.
CEO and Co-Founder Lior Tibon expressed excitement about the platform's mission to provide transparency and new opportunities for independent artists. Partner at Nyca, Jeremy Solomon, commended Duetti's innovative approach, while Northleaf Director CJ Wei highlighted the company's impressive operational processes.
Artist partner Brent Morgan praised Duetti for providing upfront cash and increasing his streaming performance, describing the experience as transparent and fair. Duetti's success in bridging the gap between artists and investors is a testament to their commitment to revolutionizing the music industry.
In a landscape where traditional labels and investment communities often overlook independent artists, Duetti's vision and execution are paving the way for a more inclusive and sustainable music ecosystem. With this latest funding round, Duetti is poised for continued growth and impact in the industry.
Duetti's innovative model aims to democratize the music business by enabling independent artists to monetize their catalogs. This funding boost highlights the platform's ability to acquire catalog tracks at scale and signals a bright future for the independent music market.
With offices in New York, Los Angeles, and Miami, Duetti has quickly become a trusted partner for over 250 artists, including names like Olivia O'Brien and Sevyn Streeter. Offering financial options ranging from $10,000 to $2 million per transaction, Duetti is empowering artists to take control of their careers in ways previously reserved for A-listers.
The independent artist segment has seen exponential growth in recent years, with a significant increase in global streaming numbers. Duetti's data-driven approach and unique marketing capabilities have positioned them as a key player in the music investment space.
CEO and Co-Founder Lior Tibon expressed excitement about the platform's mission to provide transparency and new opportunities for independent artists. Partner at Nyca, Jeremy Solomon, commended Duetti's innovative approach, while Northleaf Director CJ Wei highlighted the company's impressive operational processes.
Artist partner Brent Morgan praised Duetti for providing upfront cash and increasing his streaming performance, describing the experience as transparent and fair. Duetti's success in bridging the gap between artists and investors is a testament to their commitment to revolutionizing the music industry.
In a landscape where traditional labels and investment communities often overlook independent artists, Duetti's vision and execution are paving the way for a more inclusive and sustainable music ecosystem. With this latest funding round, Duetti is poised for continued growth and impact in the industry.