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Dequency Raises $4.5M To Build Decentralized Music Licensing Platform On Algorand

PRIVATEFeb 15, 2022

Amount Raised

$4.5 Million

Round Type

Seed

Los Angeles

Description

Dequency, the world's first Web3 music synchronization licensing marketplace, today announced that it has raised $4.5 million through an investment round led by Borderless Capital.

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Company Information

Company

The Dequency Team

Location

Los Angeles, California, United States

About

Dequency was founded in early 2021 by music industry veterans Keatly Haldeman, George Howard and Mark Ross. Haldeman, a lifelong musician, is co-founder and former CEO of Riptide Music Group, a publishing company and record label specializing in the synchronization of music to picture. Riptide's roster includes songs by artists such as Foster The People, Selena Gomez, Migos, Quavo, Ziggy Marley, Big Gigantic, Black Flag, The Turtles, Goldfish, and Fatboy Slim. George Howard, JD/MBA, was recently named one of America's 50 greatest Disruptors by Newsweek Magazine. He is a founding member of Open Music Initiative (OMI), a collaborative effort between MIT, Harvard, and Berklee to create an open source protocol to increase transparency for royalty distribution. He is the former president of Rykodisc; cofounder of digital music distributor TuneCore; a Distinguished Professor of music business/management at Berklee College of Music; and author of 2017's best-selling book: Everything In Its Right Place: How Blockchain Technology Will Lead to a More Transparent Music Industry. Mark Ross is the CEO of ACME Innovation which creates access to the metaverse for media companies, and has founded or financed a multitude of entertainment related companies and startups including Audigent, Music Audience Exchange, Riptide Music Group, Project M, and Sir George Martin's GrandMaster Music. Visit: www.dequency.io.

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The Dequency Team raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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