Duetti has announced $200 million in new funding. Photo Credit: Duetti
A little over four months after scoring $114 million from a combination of equity financing and an ABS, Duetti has announced $200 million in fresh funding.
The indie-focused catalog investor reached out today with word of that sizable tranche, the result of two new credit facilities. One month and change after leading Influence Media Partners’ inaugural royalties securitization, Truist Securities led the first of those Duetti facilities ($150 million).
And Viola Credit, for its part, kicked in the remaining $50 million via a “side facility.” All told, that means Duetti has raised north of $435 million since its 2022 launch – with last year alone having delivered more than $200 million.
(Duetti announced the initially mentioned $114 million in October 2024, after disclosing a separate $90 million raise in February.)
Of course, it doesn’t exactly come as a surprise that the self-described catalog-monetization company intends to keep on purchasing IP. To date, Duetti says it’s “provided over 700 artists up to $7 million per transaction.”
(The $7 million transaction is presumably quite new; when a Duetti rep reached out in late February, her email signature’s company summary pointed to a high-end figure of $3 million.)
However, the New York City-headquartered business is set to begin investing in a variety of song rights, not solely masters, higher-ups indicated.
“Royalty and publishing catalog deals” are officially on the table as well, Duetti spelled out when revealing the just-obtained capital.
Also according to the company, “independent creators who earn at least $2,000 annually from their music rights” can now explore partial or full catalog sales of their own.
“As the only financial and catalog services platform navigating the complexities of multiple types of rights,” CEO Lior Tibon added, “Duetti is continuing to put independent music creators first – many of whom have historically been locked out of traditional catalog deals.
“With the introduction of royalty and publishing deals, we are now able to help even more creators maximize their potential. Our mission remains simple: offer fast, transparent cash deals and help independent musicians grow their careers,” concluded the former Tidal exec.
Meanwhile, Duetti took the opportunity to tout the “growth and custom marketing” perks – extending to playlists, sync, and more – that it’s said to offer via catalog deals.
“Duetti’s support was a total game-changer,” singer-songwriter Anuhea weighed in here. “Not only did they help fund the creation of new music, but their marketing team also helped Come Over Love go viral on TikTok—Giving fresh life to one of my classics from 14 years ago!!”
In other indie-funding news, beatBread last month launched a “Deal Comparison Tool” that, as its name suggests, enables artists and independent labels to see how proposed funding terms stack up.
And though it probably doesn’t need saying in light of Duetti’s announcement, ample capital is still pouring into song rights – with DMN Pro compiling the long list of deals in its one-stop Music IP Acquisition Tracker.
Content shared from www.digitalmusicnews.com.