Music royalty collection platform Notes.fm has closed a $5 million funding round with backing from artists, managers, executives and music companies. The capital will support continued platform development and a global expansion of its artist services.
Investor lineup
Individual investors include Benny Blanco; Zach Bryan and his managers Stefan Max and Danny Kang; Tainy; Blake Slatkin; and Matt Quinn, frontman of Mt. Joy.
Other participants include Ari Emanuel, WME (William Morris Endeavor) Group Executive Chairman; Sam Hendel, Founder of Chord Music; and Julie Greenwald, chief of Atlantic Records and Founder of 26.2.
Company investors include:
- Foundations
- Mick Management
- Twenty Ten Management
- Triple 8
- KMGMT
- Good Boy
- Mexican Summer
- Breakaway
Platform expansion and new features
Notes.fm, founded by Tim Luckow, Co-Founder of Stem, says the funding will help it continue building technology that brings distribution, royalty collection and financial management together for independent artists. The company also plans scaled marketing efforts as it expands its offering to artists globally.
The platform, which the company says helps musicians and music companies identify and collect 100% of their royalties, recently introduced a feature called Releases and a partnership with Stripe. The Releases feature is designed to streamline distribution, publishing administration and money management into one simplified release flow, allowing artists to use Notes.fm for both distribution and royalty collection.
Since its public launch last year, Notes.fm says it has identified more than $10 million in previously unclaimed royalties across artists and catalogs including James Blake, Zach Bryan, Mt. Joy and girl in red.
Leadership comment
Tim Luckow, CEO and Co-Founder of Notes.fm, said:
“Music is evolving quickly, and the finance systems around it need to evolve at a faster rate. Between all of the actions required to properly release, credit and collect on music, there are a lot of places where money falls through the cracks. We built Notes to bring all of that into one platform, so artists can release music and collect every royalty from day one, and recover what’s historically been missed.”
