Verswire operates as a venture-capital-style alternative to traditional record labels, investing capital and services into artists while allowing them to keep majority ownership of their masters. Launched in spring 2022 and led by Sherry Saeedi, Mark Hoppus, Nick Lippman, and Pete Wentz, the company offers funding, tools, A-list mentoring, music executive support, and an ecosystem to help artists build businesses. Verswire recently raised $12.3M in combined Seed and Series A funding led by E.O.A. Productions and idobi Radio, with participation from Kevin Lyman and Gus Brandt. The company plans to launch a publishing arm in 2024 in partnership with Kobalt Music Group and says the new capital will expand its roster and bolster services and individual investments for artists. Its debut label signee Beauty School Dropout has grown streams from four million to over fifty million—Spotify streams up 600% and Apple Music streams up 400%—demonstrating notable traction. Verswire positions itself as a development incubator for both emerging and established artists, offering a modernized alternative to the traditional music-industry model.

Total raised

$12M

Funding rounds

2

Latest round

Seed

Latest activity

Dec 2023