Unitedmasters Closes $50M Series C Led By Andreessen Horowitz (A16Z) To Further Empower Independent Artists To Find Commercial Success In Creator Economy

Oct 28, 2021•almost 4 years ago

Amount Raised

$50 Million

Round Type

series c

BrooklynMusic And AudioMedia And EntertainmentAdvertisingSales And Marketing

Description

UnitedMasters, the "record label in your pocket" for independent artists, has closed a $50M Series C at a $550M valuation to further support and empower independent artists they work with to find commercial success in the creator economy. The investment is led by Andreessen Horowitz (a16z), who previously invested alongside Apple earlier this year, to further scale the company, pursuing opportunities, partnerships, and acquisitions on behalf of the 1.3M independent artists on the UnitedMasters platform.

Company Information

Company

Unitedmasters

Location

Brooklyn, New York, United States

About

Launched in 2017 by Translation founder and music industry veteran Steve Stoute, UnitedMasters provides a new industry alternative for independent artists. UnitedMasters gives artists access to premium music distribution services, a suite of tools to help them directly connect with fans, and opportunities for unique partnerships with some of the world's biggest brands. The UnitedMasters platform enables artists to operationalize their independence and maximize their creative and economic potential while allowing them to maintain full ownership over their master recording rights.

Funding Insights

Based on industry data

Tech investment trends

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