SOUNDRAW raised $3M in a funding led by Carbide Ventures, with participation from investors, including Paul Rosenberg, to expand its AI-powered beat and track generator platform.
Mar 12, 2024•almost 2 years ago
Amount Raised
$3 Million
Round Type
seed
Investors
Paul RosenbergKazuomi KanetoDeepcoreSmbc Venture CapitalI SgsCeresMint VcCarbide Ventures
Description
SOUNDRAW, an artificial intelligence-powered beat and track generator, has raised $3 million in funding to grow its platform, with over 557,000 creators already following it. The investment round was led by Carbide Ventures, with participation from mint VC, Ceres, iSGS, SMBC Venture Capital, Deepcore, and Kazuomi Kaneto. Notably, Paul Rosenberg, CEO of Goliath Artists and President of Shady Records, also joined the funding round.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers