Soundrop
Latest round
- Series B
Last raised
- Oct 2013
Total raised
- $6.3M
Investors
- 2
About Soundrop
Founded in 2011 in Oslo, Norway, Soundrop specializes in digital music distribution, allowing artists to distribute their music across various platforms. The company underwent a strategic acquisition by X5 Music Group in February 2016, with financial details undisclosed. The founders, Olugbade Opeyemi and Tiago Dias, have previously engaged in entrepreneurial ventures.Soundrop specializes in digital music distribution, providing creators with an accessible platform to release their music across various major streaming services such as Spotify, Apple Music, YouTube Music, Deezer, and TikTok. Their core offering includes a straightforward distribution process for artists, allowing them to upload and monetize their music without hidden fees or subscription costs. Soundrop streamlines the administrative aspects of music distribution, including licensing cover songs, managing collaborator splits, and ensuring timely royalty payments. The platform primarily targets independent musicians and smaller creators seeking a user-friendly alternative to traditional distribution models, thereby fostering an environment conducive to creativity and artistic growth.4 mn.99 for each track submitted for release while retaining 15% of the revenue generated from streams and downloads. This model aligns the company's financial success with that of its clients, as Soundrop profits only when the artists do.The future growth strategy for Soundrop involves launching new features and tools to enhance the distribution experience for artists. While specific release dates have not been disclosed, the company is focusing on expanding into new markets, particularly in Asia and Africa, by the end of 2023. Soundrop's strategic focus remains on fostering an artist-centric approach to ensure its growth aligns with the needs of its clients.
Who invested in Soundrop
2 investors across 2 rounds
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Questions about Soundrop
Who invested in Soundrop?
Soundrop has 2 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Soundrop raised?
Soundrop has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Soundrop last raise money?
Soundrop's most recent round on record is a Series B, in Oct 2013.
What does Soundrop do?
Founded in 2011 in Oslo, Norway, Soundrop specializes in digital music distribution, allowing artists to distribute their music across various platforms.
Where is Soundrop headquartered?
Soundrop is headquartered in Oslo, Norway.
Which VCs invest in companies like Soundrop?
Among active investors with capital left to deploy, Index Ventures, Forbion, European Investment Bank and Generation Investment Management back internet companies at Soundrop's stage. Their profiles are linked below.
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