Nashville-based startup RootNote has announced its inaugural investments into artist-owned companies, and has a third investment planned for the third quarter of 2018.
Founded by brothers Jason and Jeremy Burchard, RootNote works with entrepreneurial artists helping them build companies around their music, investing in them for equity, and supporting their long-term growth. In addition to capital, RootNote will help these artists and their existing teams develop tailored growth strategies and connect them with a network of forward-thinking industry professionals.
“This is an exciting moment,” said Jeremy Burchard. “Our goal is to provide a structure that allows artists to have the creative control and career autonomy they desire while still having access to the support and knowledge of the traditional music industry.”
“The beauty of the model is that it allows artists to still work with all the traditional components of the music industry, from major labels to publishers and sync licensing companies,” Jason Burchard said. “But it also opens up possibilities to work with outside capital, brands, and other partners. We want to ‘grow the pie’ in a global way.”
RootNote is also announcing the opening of its first round of capital raise. While the company’s inaugural three investments are already funded, RootNote is raising $400,000 to expand the team and make four additional investments into artists in 2019. Officially founded in September 2016, RootNote joined 12 other music startups as the sole Nashville company to participate in the Project Music Portfolio music tech accelerator program.
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