Canada-born music financing firm Xposure Music has secured USD $42.5 million in new debt and fairness funding.
The spherical contains debt financing from Andalusian Credit score Companions and fairness participation from “choose household workplaces and personal traders”.
This newest spherical brings Xposure Music’s whole funding to over USD $50 million.
Based in Montreal in 2021, Xposure Music is described as a “technology-driven financing and funding platform for impartial music rights”.
Xposure Music says on its web site that it has deployed funding to almost 100 artists prior to now 18 months, and that with this new infusion of capital, the corporate plans to “scale its efforts, funding extra artists and buying catalogs at a bigger quantity”.
The corporate, which says that it’s powered by “proprietary valuation fashions and machine-learning underwriting,” reviews having deployed “over eight figures into catalogs” throughout numerous genres.
The funding announcement comes on the heels of Xposure Music’s partnership with impartial music distro platform Too Misplaced. Below the settlement, Too Misplaced will distribute and co-fund catalog acquisitions sourced and underwritten by Xposure.
Based on final month’s announcement, Xposure plans to deploy “tens of tens of millions of {dollars} in upcoming catalog acquisitions”.
Xposure Music stated it should deal with deal sourcing and monetary underwriting utilizing its underwriting and valuation know-how that analyzes recorded music and publishing rights to establish and execute music investments. As soon as offers shut, Too Misplaced will deal with international distribution, rights administration and royalty processing.
Xposure Music stated in a press launch on its web site on Monday (December 1) that because the music business “grows more and more aggressive, entry to financing has develop into a significant hurdle for impartial artists”.
The corporate claims to be “handle[ing] this hole via [its] proprietary underwriting and valuation platform, permitting artists to effectively entry financing on their catalog, achieve publicity to modern advertising applications, and join instantly with the corporate’s community of A&Rs, managers, and producers”.
“We’re thrilled to work with Andalusian as companions in our mission to develop into one of many world’s main impartial catalog consumers.”
Ryan Garber, Xposure Music
“We’re thrilled to work with Andalusian as companions in our mission to develop into one of many world’s main impartial catalog consumers,” stated Ryan Garber, co-founder and co-CEO of Xposure Music.
“Our aim is to proceed to function the gateway for rising artists to entry significant funding and take their careers to the subsequent stage, and this funding provides us the assets to make that potential.”
“Impartial artists ought to have entry to the identical stage of financing and deal buildings that had been as soon as restricted to main stars.”
Gregory Walfish, Xposure Music
Gregory Walfish, co-founder and co-CEO of Xposure Music added: “Impartial artists ought to have entry to the identical stage of financing and deal buildings that had been as soon as restricted to main stars.
“With this new capital and our underwriting know-how, we’re doubling down on our mission to be long-term companions for the subsequent era of impartial artists.”Music Enterprise Worldwide
