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Sound.xyz - Seed
Overview Investors Founders Company Profile / Project Introduction
Overview
Funding Date
December 15, 2021
Financing amount
$5M
Valuation
--
Catagory
About Sound.xyz - Seed
Sound.xyz raised $5.00M in a Seed financing round on Dec 15, 2021. The round was backed by Andreessen Horowitz(a16z), Variant, Kygo and others. In total, there were 30 investors that participated in the round.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | United States of America | 2009 | 143 | businessplans@a16z.com | ||
| Fund | United States of America | 2020 | 49 | info@variant.fund | ||
| Angel Investor | -- | -- | 2 | -- | ||
| Fund | United States of America | 2021 | 12 | -- | ||
| Fund | United States of America | 2017 | 5 | -- | ||
| Fund | United States of America | 2020 | 4 | -- | ||
| Fund | United States of America | 2017 | 32 | info@scalar.capital | ||
| Angel Investor | United States of America | -- | 20 | -- | ||
| DAO | -- | 2020 | 26 | -- | ||
| DAO | -- | 2020 | 68 | hello@thelao.io |
Founders & Team
David Greenstein
Matt Masurka
Vignesh Hirudayakanth
Company Profile / Project Introduction
Sound.xyz was founded to solve two major problems with the music industry: (1) the vast majority of songs go entirely unheard and 90% of streams go to the top 1% of artists and (2) artists earn a minuscule amount from each stream ($0.003 per stream), resulting in even the most talented artists struggling to making a living wage.
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