Read The Pitch Decks That Helped 5 Music And Audio Startups Raise Millions Of Dollars
- Audio startups are changing the way music and sound are created, distributed, monetized and consumed.
- Many new companies have sprung up to help artists and other sound creators grow their businesses.
- Insider spoke to five audio startup founders who shared presentations they use to raise funds.
Innovation in music and audio is on the rise as tech startups develop new ways for users to create, stream and listen to sound.
Some tech companies, including major social entertainment apps like TikTok and YouTube, are making it easy to find new (and old) songs. TikTok has an in-house team dedicated to creating the increasingly popular in-app video audio editing tools.
Gaming and fitness platforms such as Roblox and Peloton have provided a new medium for artists to connect with fans. A new generation of startups are developing features that will change the way audio is consumed and monetized.
For example, Stationhead has created a group listening platform that allows artists and fans to release music together. Upstart Mayk.it has created an app that allows ordinary people to create their own soundtracks. And some startups, like blockchain-based platform Royal, allow fans to fund new music for a percentage of future song royalties.
Read Insider's list of 14 music startups helping artists, labels and other creators grow their business as technology changes the industry.
Over the past few years, investors have poured millions of dollars into voice startups. The division has received funding from institutional companies such as SoftBank Ventures Korea, record labels such as Sony Music and, in a less common example, the Arizona State Lottery.
Insider spoke to five audio startup founders who have raised money over the past two years about their fundraising process. In each case, they share the stories they use to attract investors.
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