# ReverbNation

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

- Industry: Software
- Headquarters: New York, US
- Website: www.reverbnation.com
- Total disclosed funding: $5M
- Latest round: Series B (Oct 9, 2008)
- Investors on record: 3

## About

ReverbNation is a digital platform that supports independent musicians by providing tools for music distribution, promotional opportunities, and career development, enabling artists to reach a broader audience.ReverbNation is a platform dedicated to empowering independent musicians through various services. Founded in 2011, in New York, US, it has been pivotal in connecting artists with opportunities in the music industry. The CEO team comprises multiple individuals, facilitating a diverse leadership approach. In November 2021, ReverbNation was acquired by BandLab Singapore Pte. Ltd., enhancing its capabilities in artist services. The company has completed 4 funding deals, with its most recent round in November 2021 raising USD 3.60 mn, bringing the total amount raised to USD 3.60 mn.ReverbNation primarily offers a suite of products and services designed to empower independent musicians and artists in their career development. Their core offerings include music distribution, which ensures artists can release their music across all major streaming platforms and social video apps, effectively maximizing their audience reach. The company also provides promotional tools, access to industry opportunities, and features such as the Artist App and electronic press kits. By curating thousands of songs weekly, ReverbNation connects artists to sync offers, label deals, and festival slots, facilitating significant career growth. Their services cater to a global market, with clientele spanning across North America, Europe, Asia, and Australia, focusing on independent artists seeking to establish and expand their presence in the music industry.ReverbNation's revenue generation model is structured around subscription-based services, which enable artists to access various tools and opportunities to enhance their music careers. The company offers distinct pricing plans tailored to different levels of artist engagement, allowing users to choose options that align with their needs for music distribution, promotion, and industry access. These plans typically include features such as digital music distribution to major platforms, promotional tools, and exclusive industry connections, which support artists in maximizing their potential revenue streams. By facilitating direct-to-consumer transactions, ReverbNation effectively enables artists to monetize their work while maintaining control over their creative output and financial returns.Following its acquisition in November 2021, ReverbNation aims to expand its artist services and develop new features that enhance user experience. The recent funding will support these initiatives, focusing on improving the platform's capabilities. The company plans to explore additional international markets, particularly in Europe and Asia, to broaden its reach by 2023. These strategic steps are designed to align with the growing demand for comprehensive artist support in the evolving music landscape.

## Funding rounds

- Series B, Oct 9, 2008, $3M — Novak Biddle Venture Partners, Bull City Venture Partners, SeventySix Capital
- Series A, Aug 17, 2006, $2M — Novak Biddle Venture Partners, Bull City Venture Partners

## Investors

- Novak Biddle Venture Partners (https://capitalatlas.ai/funds/novak-biddle-venture-partners) — Series A, Series B
- Bull City Venture Partners (https://capitalatlas.ai/funds/bull-city-venture-partners) — Series A, Series B
- SeventySix Capital (https://capitalatlas.ai/funds/seventysix-capital) — Series B