NEW YORK, NY, Duetti, a music financing platform democratizing the music business by enabling catalog monetization for independent artists, today announced $90 million in new funding.
This includes $15M of new equity, alongside a new $75M credit facility. The equity financing is led by Nyca Partners, alongside Viola Ventures, Duetti's lead seed equity investor, and Cohen Circle. The $75M credit facility is provided by Northleaf Capital Partners. The latest funding underscores Duetti's ability to acquire catalog tracks at scale, and highlights the increasingly positive long-term financial outlook of the independent music market.
Duetti was founded by Lior Tibon, former COO of TIDAL, and Christopher Nolte, former Business Development executive at Apple Music, with the mission of getting a wide range of artists quick and easy access to catalog sales and unlocking new investment opportunities. Leveraging their experience in streaming and support from music and tech's most innovative investors including Nyca Partners, Viola Ventures and Roc Nation, Duetti's music financing platform has helped over 250 artists receive up to $2M per transaction. The unique model provides data-driven prices for established tracks, allowing artists to sell individual tracks or even parts thereof, while Duetti then markets those tracks going forward using unique ROI-focused techniques.
(c) by Massinvestor, Inc. For contact info, please check out our
about page.