Next Big Sound collects and analyzes social data from platforms like Facebook, Twitter, YouTube and Last.fm to measure how popular bands are and how fans interact online. It provides record labels with a dashboard that relates online engagement to album sales (offline and online), radio play and other data. The company charges $79 per artist per month for its Premier service and counts two major record labels as customers. Next Big Sound powers two of Billboard’s charts: The Social 50 and the Next Big Sound chart of up-and-coming artists. Headquartered in Boulder, CO and a TechStars (Class of 2009) alum, it said it will open an office in New York City. An investor from IA Ventures suggested the platform could be applied to other industries as it expands.

Total raised

$7M

Funding rounds

1

Latest round

Series A

Latest activity

Jan 2012