Royalty-free music startup Slip.stream has secured $7.5 million of Collection A financing from buyers together with Sony Music Leisure, Third Prime, and Lightshed Ventures.
Slip.stream says it’ll work with Sony Music to discover new “premium music alternatives” for Sony Music artists inside the Slip.stream platform.
Slip.stream, described as a “creator protected music platform” was launched by entrepreneurs by David Carson (Fuse, Heavy.com, New Stand founder), Dan Demole (Jingle Punks founder) and Jesse Korwin (Jingle Punks CMO).
The platform provides a copyright strike protected library of over 50,000 tracks and 40,000 sound results, full of what it says is “actual music from actual artists”.
Along with the funding elevate, Slip.stream has added Anthony Pisano from Gameover Expertise and Faze Blaze from Faze Clan to its advisory board.
Blaze and Pisano be part of a board which already counts key business figures together with T-Ache amongst its members.
Slip.stream says that the brand new capital accelerates its mission to be “the go-to platform for creators and streamers who want music for his or her content material”.
The most recent funding spherical provides to the startup’s earlier seed funding spherical of $3.25 million in 2021, bringing its complete raised to $10.75 million.
With the brand new funding, Slip.stream says it’ll drive the event of its platform, develop its group, add new content material partnerships, and bolster its catalog by opening their platform to extra musicians.
Slip.stream claims to have attracted over 100,000 creators to its platform. The corporate claims additional that this represents “an viewers attain of over 500 million, with the live-streaming and gaming group representing a good portion of this viewers”.
Within the coming months, the corporate plans to launch a brand new service for musicians to make their music out there to Slip.stream’s creator user-base. The service is presently in beta and out there through invite-only on Slip.stream’s web site.
Slip.stream not too long ago added three digital media veterans to its group. Chris McDonald, previously of United Masters and Epidemic Sounds, will lead enterprise improvement as SVP.
Shan Huang, most not too long ago at Casper, will oversee Slip.stream’s progress advertising and marketing efforts and Michael Feldman, supervisor of Fortnite celebrity Clix, will steer the corporate’s expertise and influencer relationships.
Slip.stream additionally named Grammy-award profitable artist and producer T-Ache as an advisor.
“We assist Slip.stream’s imaginative and prescient of constructing mutually useful methods for recording artists and the creator group to work collectively that ship new recurring income streams and expanded attain for artists.”
Dennis Kooker, Sony Music Leisure
Dennis Kooker, President, World Digital Enterprise, Sony Music Leisure mentioned: “We assist Slip.stream’s imaginative and prescient of constructing mutually useful methods for recording artists and the creator group to work collectively that ship new recurring income streams and expanded attain for artists.
“Their management group has expertise in music, and understanding and respect for the wants of artists on this growing house. We sit up for partnering with them to develop revolutionary alternatives for nice music to flourish in additional use instances.”
“We’re positioning ourselves on the nexus of music, gaming, and the streaming creator communities which might be main tradition.”
Jesse Korwin, Slip.stream
Slip.stream CMO, Jesse Korwin, added: “We’re positioning ourselves on the nexus of music, gaming, and the streaming creator communities which might be main tradition.
“An enormous a part of our mission is to offer prime quality music for these creators to combine safely into their content material, whereas supporting the work of artists.”
“We’ve lengthy believed that the music business was able to discover revolutionary fashions addressing creators and streamers’ want for high quality music of their content material.”
Dan Demole, Slip.stream
Dan Demole, Co-CEO of Slip.stream, added: “We’ve lengthy believed that the music business was able to discover revolutionary fashions addressing creators and streamers’ want for high quality music of their content material.
“This funding spherical together with our new companions is validation of this perception. It’s a win and a step in the fitting path for creators and musicians all over the place.”
“This funding will permit us to discover new partnerships and add extra unique music content material to additional present a terrific expertise to our customers.”
David Carson, Slip.stream Co-CEO mentioned: “Artists, labels, and types are opening as much as compelling new fashions that harness the ability of the creator universe and we’ve been lucky to date to work with pioneers within the house like T-Ache and Riot.
“This funding will permit us to discover new partnerships and add extra unique music content material to additional present a terrific expertise to our customers.”Music Enterprise Worldwide