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Sound.xyz - Series A
Overview
Funding Date
July 12, 2023
Financing amount
$20M
Valuation
--
Category
About Sound.xyz - Series A
Web3 music firm Sound has raised $20 million in Series A funding. a16z crypto led the round. Additional participants included Palm Tree Crew, A Capital, Sound Ventures, Collab + Currency, Scalar Capital, Snoop Dogg, Ryan Tedder and Tay Keith.
Investors
Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
---|---|---|---|---|---|---|
Fund | United States of America | 2009 | 144 | [email protected] | ||
Corporate | United States of America | -- | 9 | [email protected] | ||
Fund | Unknown | -- | 6 | -- | ||
Fund | United States of America | 2012 | 31 | [email protected] | ||
Fund | United States of America | 2018 | 79 | [email protected] | ||
Fund | United States of America | 2017 | 32 | [email protected] | ||
Angel Investor | -- | -- | 4 | -- | ||
Angel Investor | United States of America | -- | 3 | -- | ||
Angel Investor | Unknown | -- | 1 | -- |
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.