# Hume

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hume

- Industry: Media
- Headquarters: Los Angeles, US
- Website: www.wearehume.com
- Total disclosed funding: $12M
- Latest round: Series A (Apr 29, 2022)
- Investors on record: 8

## About

Based in California, US, and founded in 2021, Hume operates as a web3 record label creating a music-driven company. The company was Co-founded by David Beiner (CEO) and Jay Stolar (Chief artist officer). In September 2022, Hume raised USD 11.7 million in series A funding led by TCG, Collab+Currency Management, and Distributed Global Ventures.

It creates NFTs and a record label for metaverse-native virtual music artists, who exist in both the metaverse and physical world. It is having an NFT named Hume Genesis NFT by the hume collective that features angel baby and is offered in four tiers and that is a rare, ultra-rare, legendary, legendary X opensea edition. These NFTs can be bought using various methods including Ethereum and Wrapped Ethereum.

The company generates its revenue by selling record labels which might cost from ETH 0.469 to ETH 100.

The company plans to use the funding to establish a roster of virtual metastar artists, build a fan engagement platform and expand its engineering, creative, music business, and marketing teams.

## Funding rounds

- Series A, Apr 29, 2022, $12M — TCG, Winklevoss Capital, Distributed Global Ventures, The LAO, Collab+Currency Management, Flamingo DAO, LLC, Gemini, Noise DAO

## Investors

- TCG (https://capitalatlas.ai/funds/tcg) — Series A
- Winklevoss Capital (https://capitalatlas.ai/funds/winklevoss-capital) — Series A
- Distributed Global Ventures (https://capitalatlas.ai/funds/distributed-global-ventures) — Series A
- The LAO (https://capitalatlas.ai/funds/the-lao) — Series A
- Collab+Currency Management (https://capitalatlas.ai/funds/collab-currency-management) — Series A
- Flamingo DAO, LLC — Series A
- Gemini (https://capitalatlas.ai/funds/gemini) — Series A
- Noise DAO — Series A