Songtradr
2701 Ocean Park Blvd Ste 220, Santa Monica, California, 90405, United States
Overview
Songtradr operates a music-licensing platform that connects songwriters and musicians with opportunities to place music in film, advertising, television, video games and apps. The company was founded by an Australian songwriter who transitioned into tech entrepreneurship. It is described in the reporting as US-based and focuses on helping musicians monetize their compositions through sync and licensing. Songtradr completed a marathon capital raising campaign that totaled more than $100 million. Its latest close was a US$70 million tranche (reported as $109 million) that was reached after an 18-month process. After the fundraising, the company is described as being worth $879 million. Songtradr is a music licensing marketplace that licenses music for advertising, films, TV, gaming and other uses for clients such as Disney, Netflix, Apple, Coca-Cola, Amazon and Google. The platform hosts songs from roughly 600,000 musicians, songwriters and rights holders. Over the past year the company has acquired multiple businesses, including MassiveMusic, Cuesongs, Song Zu, Pretzel and Tunefind. Headquartered in Los Angeles with offices in Europe and the Asia‑Pacific region, Songtradr says it will use new funding for further M&A, new product development and to grow global headcount. The company reported 100% year‑over‑year revenue growth for 2020. Songtradr is a cleared-for-licensing B2B music rights and licensing marketplace that connects a global community of artists, songwriters and music rights owners to corporate music users. Led by CEO Paul Wiltshire and based in Los Angeles, the company operates offices across Europe and APAC. The platform’s core product is a marketplace facilitating licensing transactions between creators and buyers such as brands, advertising agencies, streaming platforms, SVOD networks, film, TV and gaming companies. Songtradr connects 500,000+ artists, songwriters and rights owners. The company raised US$30M in a Series C that valued it at US$165M. It intends to use the funds to accelerate global expansion, product development and to fund key acquisitions. Songtradr is described as the largest music licensing platform in the world and operates a fully automated, open marketplace for music licensing. The platform connects artists to film, TV, brands and other media while enabling creators to control their content and rights and monetize music including distribution to major streaming platforms. Songtradr reports a catalog of over 400,000 artists and catalogs from 190+ countries and year-over-year revenue growth of over 400 percent. The company uses proprietary technologies to simplify licensing for music supervisors, brands, filmmakers and other creatives. Leadership emphasizes product development and growth, and the company says the recent financing will fund rapid global expansion and acquisition plans. The company is based in Santa Monica, Calif., and is led by founder and CEO Paul Wiltshire. Songtradr is a fully automated, worldwide music-licensing marketplace that connects music creators to tastemakers, brands, apps, TV and filmmakers. Led by founder and CEO Paul Wiltshire, the platform uses proprietary search and variable-license-pricing technology to enable easy licensing. Music creators retain control of their rights and are provided tools to monetize their music assets. The company hosts more than 140,000 artists and catalogs from 150+ countries. Songtradr raised a US$4M Series A and intends to use the funds for ongoing expansion; the round brings total capital raised to US$9M.
- Total raised
- $166M
- Funding rounds
- 5
- Latest round
- Equity
- Latest activity
- Nov 2023
Industries
- Digital Entertainment
- Digital Media
- Music
- Music Streaming
Recent funding
Equity
Nov 2023
$70M
Series D
Jun 2021
$50M
Series C
Aug 2020
$30M
Series B
Mar 2019
$12M
Series A
Jan 2018
$4M