Industry Ink: Soundstripe, 117 Entertainment, Rootnote
Soundstripe Picks Up $4 Million Series A Financing
Soundstripe Co-Founders Travis Terrell (Co-CEO), Trevor Hinesley (CTO), and Micah Sannan (Co-CEO)
Soundstripe this week closed its $4 million Series A financing. The tech-enabled production music startup has attracted customers by offering solutions for royalty-free music. Producing, owning, and distributing its music library directly to filmmakers allows for consistent quality music content and a focus on innovative user experience for the exploding video creator market.
With an avid and loyal creator community, Soundstripe has seen triple-digit, year-over-year growth for the past three years. The investment will allow Soundstripe to continue expanding its presence in the production music space, where its subscription model has resulted in over 2 million “micro-licenses” being issued in over 130 countries since its inception in 2016. The funding will also enable the company to invest further in its original content, expand its product offerings, and enhance its enterprise solution to the growing list of marquee clients.
117 Entertainment Celebrates Second Anniversary
Pictured (L-R): Honey County’s Devon Jane, Katie Stump and Dani Rose, 117’s Max DaCosta and Zach Farnum, Randy Travis, Scooter Brown, Kalie Shorr, Paul Bogart and Karissa Ella
117 Entertainment Group celebrated their second anniversary recently, with many of the company’s roster in attendance, including Randy Travis, Scooter Brown, Kalie Shorr, Paul Bogart, Karissa Ella and Honey County. The evening included each act sharing a new song they’ve written or recorded and a group-sing of Travis’ mega-hit “Forever and Ever, Amen.”
Rootnote Partners With Symphonic Distribution, Singer Timothy Bloom
RootNote Co-Founders, Jeremy & Jason Burchard
Nashville-based music startup RootNote has made its third investment in an artist and announced a preferred partnership with Symphonic Distribution. RootNote is now working with two-time Grammy-winning songwriter, producer, and soul singer Timothy Bloom. Bloom, who is the first investment RootNote has made outside of Nashville, is currently mixing his newest project, to be released later this year.
“We continue to be excited by the number of talented artists, artist teams, and service partners that we have an opportunity to work with,” says RootNote co-founder and CEO Jason Burchard. “Our partnership with Timothy Bloom and strategic relationship with Symphonic are incredible additions to our growing family and we are excited for the years ahead.”
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