A snippet from DMN Pro’s Music Industry Funding Tracker profiling December 2023 rounds.
Despite the beginnings of a potentially serious correction in music IP valuations, music industry funding in 2023 added up to more than twice the amount poured into music in 2022. It’s raining investments and funding for all things music — whether it’s music AI, live show ticketing platforms, catalog financing, or creator collaboration tools. But what’s really driving the gains, and how long will this party last?
In 2023, music tech startups and companies collectively fattened their coffers with almost $10 billion in funding, according to tracking compiled by Digital Music News. Compared to 2022’s $4.8+ billion in overall funding, 2023’s $10 billion proves that venture capitalist firms and investors are strongly optimistic about future growth in music and its tech. But why did music attract over twice the amount of funding this year compared to 2022?
Report Table Of Contents
Fast-Tracked: Over $10 Billion For Music
As Some Industries Struggled Against The Headwinds And Issues Of 2023’s Economy, The Music Industry Enjoyed A Surge In Investment Interest.
Table 1: Total Funding By Year (Not Including Undisclosed Financials Of Successful Funding Rounds)
2023 Startups: The Most Successful Series Rounds
Largest Series-A And Series-B Rounds That Attracted The Most Risk-Seeking Financiers To The Investment Table.
2023 Music Tech Companies: The Eight Largest Funds Committed To Artist Advances, Catalogs, And Entertainment
Whether Equity Fund, Sophomore Fund, Ai Fund, Debt Financing, Or Strategic Investment — Major Vcs And Music Investment Platforms Continued To Announce Mammoth Funds.
2020-2023: Music Money Over The Years
An Overview Of The Largest Funding Rounds From 2020-2023.
Table 2: Comparison Of Funding Rounds 2020-2023