# Strm Inovação e Projetos Musicais Ltda.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/strm-inovacao-e-projetos-musicais-ltda

- Industry: Internet
- Headquarters: Sao Paulo, Brazil
- Website: www.strmmusic.ai
- Total disclosed funding: $0.7M
- Latest round: Seed (Nov 30, 2021)
- Investors on record: 2

## About

Based in Brazil, Strm Inovação e Projetos Musicais Ltda. specializes in empowering independent musicians with advanced tools and services for music distribution and financial management.Strm Inovação e Projetos Musicais Ltda. was founded in 2018 in Sao Paulo, Brazil. The company focuses on providing solutions for independent musicians, enhancing their career trajectories through innovative services. Fernando Gabriel serves as both the founder and CEO. In July 2024, the firm raised BRL 35 million in funding led by Tompkins Ventures, marking a significant investment in its operations. The company has completed a total of 2 funding deals to date.Strm offers a comprehensive platform designed to empower independent musicians by providing a suite of advanced tools and services that enhance their career trajectories. Central to Strm's offerings is digital music distribution, enabling artists to release their music across major streaming platforms. The platform also features financial services, including advances on streaming royalties ranging from BRL 1,000 to BRL 1 million, and an AI-driven career assessment tool analyzing over 275 critical career metrics. This technology assists artists in identifying strategic collaborations and optimizing their growth, catering to a diverse client base of over 5 million artists worldwide, particularly in Brazil.Strm generates revenue through distribution services and financial advancements tailored for artists. Artists access Strm’s services on a transactional basis, receiving advances on their streaming royalties to fund new releases. The company's revenue model includes partnerships with independent musicians, establishing a direct-to-consumer sales approach alongside relationships with record labels and music producers. The pricing structures are designed to accommodate varying levels of investment by artists, aligning with their career milestones and projected income from streaming platforms, while the career assessment tool further drives user engagement.In July 2024, Strm secured BRL 35 million in funding to support its geographic expansion. The company plans to introduce new products tailored for independent artists and aims to expand its services into additional markets beyond Brazil. Further specifics on the new products or exact regions targeted for expansion have not been disclosed, but the funding will play a crucial role in facilitating these initiatives.

## Funding rounds

- Seed, Nov 30, 2021, $0.7M — Futurum Capital, KondZilla

## Investors

- Futurum Capital (https://capitalatlas.ai/funds/futurum-capital) — Seed
- KondZilla — Seed