Official.fm launched a music sharing and promotion platform aimed at artists, bands and independent labels. The product lets users manage multiple project accounts, upload tracks via drag-and-drop, build playlists, add buy links and distribute tracks with public, restricted or private URLs. It integrates with YouTube and SoundCloud, offers Facebook sharing with a widget player, and provides play counts and geographic playback statistics. The service is HTML5-based for broad device compatibility and currently allows up to 10 projects and up to 100 songs per project (effectively 1,000 free tracks per user). Official.fm has removed its prior Pro tier and says monetization plans are forthcoming; the CEO indicated small and medium artists will generate revenue while very big artists will not. The company is based in Geneva, Switzerland, New York and San Francisco and has indicated future fundraising options remain open.

Total raised

$8M

Funding rounds

1

Latest round

Equity

Latest activity

Apr 2012