PR90165

LOS ANGELES, June 21, 2021, /PRNewswire=KYODO JBN/ --

The new capital will fuel growth and scale Songtradr's data and technology

divisions

Songtradr, the world's largest B2B music licensing marketplace, announced today

the completion of its oversubscribed US$50M Series D funding round bringing the

company's total funding to date to over US$100M, valuing the company at over

US$300m.

"Songtradr is rapidly accelerating as we continue to develop our tech-enabled

B2B music ecosystem and integrate our new acquisitions. Attracting such a

blue-chip investor base into this round further endorses our vision of the

future music industry in this rapidly evolving digital world, providing a

strong foundation for the future," said Paul Wiltshire, CEO of Songtradr.

"Songtradr experienced over 100% revenue growth year over year in 2020 and we

are on track to achieve this again in 2021."

This funding round included Australian based institutional investors Regal,

Aware Super, Perennial, Argo and Greencape and a follow-on investment from

Founder/CEO of Wisetech Global (ASX: WTC), Richard White. The company's

previous Series C round of US$30M was completed in August 2020.

"I have watched Songtradr evolve rapidly over the last 3 years. During this

time, Paul and his team have not missed a beat in delivering on their vision,

which is impressive by any standard." said Richard White, Founder and CEO of

Wisetech Global. "Songtradr has amplified its strong organic growth and

ambitious product roadmap with a highly impactful M&A strategy that further

enhances longer term growth potential. I believe the company now has the scale,

global footprint and talent to accelerate its plan to transform the music

industry."

Since completion of the Series C funding round, Songtradr has executed an M&A

strategy to reinforce its ecosystem with the world's leading creative and

tech-focused music companies, through the world's largest creative music

agency, MassiveMusic, as well as Cuesongs, Song Zu, Pretzel and Tunefind.

Songtradr is a global company headquartered in Los Angeles with offices across

Europe and the Asia-Pacific region, specializing in distributing and licensing

music to a range of blue-chip clients including Disney, Netflix, Apple,

Coca-Cola, Amazon and Google. The company's ecosystem connects its 600,000+

artists, songwriters and music rights owners to a B2B marketplace of music

buyers such as brands, advertising agencies, streaming platforms, SVOD

networks, film, TV, gaming companies and influencers.

ABOUT SONGTRADR:

[ https://www.songtradr.com/ ] is the largest B2B music licensing marketplace

in the world, providing music creators and rights owners with a complete

tech-enabled solution for rights management and monetization while providing

B2B music users such as brands, advertisers, filmmakers, SVOD and broadcast

networks, gaming, streaming and social media platforms with highly-efficient,

AI guided access to music.

Logo - https://mma.prnewswire.com/media/1085219/Songtradr_Logo.jpg

SOURCE: Songtradr