# BandLab Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bandlab-technologies

- Industry: Software
- Headquarters: Singapore, Singapore
- Website: www.bandlab.com
- Total disclosed funding: $90M
- Latest round: Series B (May 23, 2023)
- Investors on record: 5

## About

Based in Singapore, BandLab Technologies is a music technology company that provides a suite of online tools for music creation, collaboration, and social networking, serving millions of musicians and fans globally.BandLab Technologies, founded in 2014 in Singapore, offers a platform that enables users to create, share, and collaborate on music projects. The company has successfully raised USD 25 mn in Series B funding in May 2023, led by Cercano Management and including Prosus Ventures, bringing the total amount raised to USD 25 mn and a current valuation of USD 425 mn. Meng Kuok is both the CEO and Founder of the company, which has completed three funding deals to date.BandLab offers a comprehensive suite of music creation tools designed to empower musicians and producers at all levels. The core offering is its fully functional Digital Audio Workstation (DAW), accessible directly via web browsers or mobile devices, allowing users to record, mix, and collaborate on music projects from anywhere. The platform supports unlimited multi-track projects and provides free cloud storage, enabling a seamless workflow for creators. In addition, BandLab boasts a sophisticated online mastering service that has been developed in collaboration with multi-platinum GRAMMY-winning producers and engineers, ensuring users achieve professional-quality sound. BandLab serves a global user base of over 100 million creators and fans, with its services available in various geographical markets such as North America, Europe, Asia, and Australia, effectively catering to a diverse audience of aspiring musicians, seasoned artists, and music production enthusiasts.In 2023, BandLab reported a revenue of USD 8,659,870. However, the company experienced an EBITDA of USD -31,893,283 during the same period, indicating challenges in its operational profitability.Following the recent funding round in May 2023, BandLab Technologies plans to expand its team and enhance its initiatives aimed at developing campaigns for emerging creators. The company intends to strengthen its outreach and support for musicians as it continues to evolve its platform and services. Specific details regarding upcoming product launches or new market expansions have not been disclosed, but the focus on creator support reflects BandLab's strategic direction for growth.

## Funding rounds

- Series B, May 23, 2023, $25M — Prosus Ventures, Cercano Management
- Series B, Apr 26, 2022, $12M — Vulcan, Prosus Ventures, K3 Ventures, Caldecott Music Group
- Series B, Dec 17, 2021, $53M — Vulcan, K3 Ventures, Caldecott Music Group

## Investors

- Vulcan (https://capitalatlas.ai/funds/vulcan) — Series B
- K3 Ventures (https://capitalatlas.ai/funds/k3-ventures) — Series B
- Caldecott Music Group (https://capitalatlas.ai/funds/caldecott-music-group) — Series B
- Prosus Ventures (https://capitalatlas.ai/funds/prosus-ventures) — Series B
- Cercano Management (https://capitalatlas.ai/funds/cercano-management) — Series B