Nimbit is a one-stop platform that enables musicians to manage direct-to-fan marketing, sales and distribution via email, SMS, Twitter, Facebook and custom storefronts. Founded in 2002 and based in Massachusetts, it offers tools including custom stores for MP3s, CDs and merchandise, marketing analytics, realtime sales reports, and dashboards to manage catalogs and fan lists. The company positions itself as providing targeted tools that broader social networks do not offer small musical businesses and entrepreneurs. Financially, Nimbit closed a $1.25 million Series A after previously raising $3.5 million in three seed rounds, bringing total capital raised to $4.75 million. The Series A proceeds will be used to ramp up hiring, expand customer support, and optimize fan engagement tools. Nimbit said it will be aggressively expanding its team and was actively recruiting a web apps developer.

Total raised

$1M

Funding rounds

1

Latest round

Series A

Latest activity

Mar 2011