Israel-based music tech platform IndieFlow, described as an “Working System for impartial music creators”, has raised $4 million in new funding.
The spherical was led by State of Thoughts Ventures, with participation from Oryzn Capital, Or Perry (Co-Founding father of StreamElements), 5 Eyes Enterprise, TechStars, and Moshe Gaon.
IndieFlow says that it gives impartial musicians with the instruments to “arrange, handle and develop their music careers effectively on their very own”.
The brand new funding spherical will likely be used to develop its staff and speed up development.
IndieFlow claims to be a “Shopify for musicians,” that “centralizes all enterprise facets {that a} musician has to cope with”.
The platform gives distribution to streaming platforms, amassing funds and royalties, monitoring knowledge, scheduling, selling and managing tasks, reserving gigs, and collaborations.
IndieFlow was based in 2020 and the corporate claims that “1000’s of musicians” have signed up to make use of its platform.
“Once we met the IndieFlow Founders we noticed the identical ardour and pure substances that we noticed once we invested in Stream Parts; Creators seeking to discover their method within the new digital house, needing instruments, assist, neighborhood and the flexibility to generate income.”
Andy Bellass, State of Thoughts Ventures
Andy Bellass of State of Thoughts Ventures, stated: “We’ve got been obsessive about the combination of Creator Financial system and Market.
“Once we met the IndieFlow Founders we noticed the identical ardour and pure substances that we noticed once we invested in Stream Parts; Creators seeking to discover their method within the new digital house, needing instruments, assist, neighborhood and the flexibility to generate income.
“We’re tremendous excited to steer this seed spherical and assist construct one other beast of a model.”
“The content material creation business has undergone a serious transformation on account of how content material is being consumed.”
Elad Pankovski, IndieFlow
Elad Pankovski, Chief Development Officer at IndieFlow stated: “The content material creation business has undergone a serious transformation on account of how content material is being consumed.
“Music is a number one pillar within the content material business with over $50 billion in income from streaming and ticketing, however the creators themselves are the final to get pleasure from these income.
“Whereas shifts in technological instruments have remodeled the gaming and video industries, the music business has been left behind. IndieFlow has a possibility to upend music creation and this spherical is a giant step ahead in the direction of doing so.”Music Enterprise Worldwide
