# TuneCore

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

- Industry: Software
- Headquarters: Brooklyn, US
- Website: www.tunecore.com
- Total disclosed funding: $7M
- Latest round: Series A (Oct 26, 2008)
- Investors on record: 1

## About

TuneCore is a digital music distribution service that facilitates independent artists in publishing their music globally, allowing them to retain ownership and maximize revenue through various platforms.Founded in 2005 in Brooklyn, US, TuneCore provides digital music distribution services for independent artists. The company was acquired by Believe Digital in April 2015, with financial terms not disclosed. The CEO team includes Andreea Gleeson, Denis Ladegaillerie, and Epix Beatz. TuneCore has successfully raised a total of USD 7.00 mn through its Series A funding round, with Opus Capital Ventures as the investor.TuneCore offers a comprehensive suite of digital music distribution services designed to empower independent artists by providing them with the tools needed to distribute their music globally. The core service allows artists to upload their music to over 150 digital stores and streaming platforms, including major retailers such as Spotify, Apple Music, TikTok, and YouTube. This service grants artists the ability to maintain 100% ownership of their music, ensuring they retain creative control while maximizing their revenue opportunities through streaming and sales. Additionally, TuneCore provides publishing administration services to help musicians collect royalties generated from various sources, including streaming, radio airplay, and live performances. The platform targets independent artists across numerous geographical markets, facilitating access to global audiences and resources that support their careers.TuneCore generates revenue primarily through subscription-based models, with artists paying an annual fee for unlimited music distribution. The pricing structure includes plans starting at USD 22.99 per year, allowing artists to release an unlimited number of songs and albums. This business model is direct-to-consumer, with artists engaging directly with the platform to manage their releases and revenue collection. Revenue is also supplemented by the company's publishing services, which track and collect royalties on behalf of artists, further enhancing their earning potential. By leveraging innovative technology and analytics, TuneCore helps artists strategize their music distribution and maximize their revenue streams.Although detailed specifics about upcoming product launches are not available, the recent funding from the Series A round is likely intended to support initiatives aimed at expanding TuneCore's services and market reach. The company aims to strengthen its presence in existing markets and explore new geographical regions to provide greater access to independent artists. The acquisition by Believe Digital may further enhance strategic growth opportunities, expanding resources and support for artists.

## Funding rounds

- Series A, Oct 26, 2008, $7M — Opus Capital Ventures

## Investors

- Opus Capital Ventures (https://capitalatlas.ai/funds/opus-capital-ventures) — Series A