Music production startup Soundstripe scores additional $2M to provide unlimited, royalty-free music for filmmakers
We first wrote about the Soundstripe back in May when the Nashville-based music startup closed $4 million in Series A financing to accelerate growth and expand its offerings. The startup has witnessed explosive growth since then. Soundstripe is a music startup creating and providing top quality music and sound effects to digital creators. It is a resource for filmmakers who need quality music without breaking the bank.
Today, Soundstripe announced it has received an additional $2 million in financing to continue expanding its presence even further in the production music space. The additional funding was led by Craft Ventures, just a few months after raising a $4 million Series A investment. Co-founded by Travis Terrell (Co-CEO), Trevor Hinesley (CTO), and Micah Sannan (Co-CEO) in 2015, Soundstripe provides royalty-free music for video, driven by a subscription model that lets video producers pay a fee for usage of the music in its catalog. The company has sold over 2 million “micro-licenses” issued in over 130 countries since its inception in 2016.
Soundstripe is one of the industry’s fastest growing providers of unlimited, royalty-free music for video, driven by a unique subscription model that lets video producers pay a fee for usage of the music in Soundstripe’s catalog. The music is created by a team of composers, mix engineers, songwriters, producers, and other music industry professionals employed by the company to ensure that all tracks are of the highest quality. Licenses cover all uses and remain in effect should a video producer choose to cancel their membership or let it expire.
Soundstripe’s unique 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 music acquisitions and partnerships, and expand their relationships in that space, especially with producers, songwriters, and engineers.
Commenting on the funding, Travis Terrell, Co-Founder and Co-CEO of Soundstripe, said: “This investment by Craft will allow Soundstripe to continue taking tangible steps that give creators the most agile and seamless means to bring content to the consumer, while attracting a wider-reaching subscriber base.” He added: “Our goals are as ambitious as our users’, and we look forward to welcoming more subscribers as we look to expand into the growing podcast segment and international markets.”
“We are impressed with Soundstripe’s growth since its start in 2016,” said Bryan Rosenblatt, principal at Craft Ventures. “Their unique approach to helping creators source high-quality music for film, video, and gaming streams is simple to use, cost-effective, and saves a ton of time. We also share their excitement to expand their team and the products they offer.”