Renaissance, a platform designed for music superfans to attach with their favourite artists, raises $1.7 million throughout two funding rounds.
A Canada-based platform designed for music superfans, Renaissance, has raised $1.7 million ($2.3 million CAD) throughout two funding rounds — a pre-seed led by Panache Ventures, and an extension led by Blockchain Founder’s Fund. The funding will allow Renaissance to extend its energetic person base threefold whereas onboarding over a thousand artists onto the platform to unlock an extra income stream.
Renaissance has skilled dramatic development since 2021 throughout its cellular and net purposes, having crossed 1,000,000 installs globally. The platform tracks over 150 million streams per thirty days in real-time for its customers, with its Streaming Social gathering characteristic seeing over 200 million individuals.
“The Renaissance group has put their deep area experience in music distribution to assist artists attain the highest 1% of their followers — in any other case referred to as superfans. They’re constructing a product that every one artists will use sooner or later to construct stronger connections with their audiences,” stated Patrick Lor, Managing Companion at Panache Ventures.
Goldman Sachs’ Music within the Air report predicts that direct monetization of music superfans will herald over $4 billion in incremental income for artists globally by 2030. Renaissance co-founder and CEO Arpan Deol says, “Our information exhibits superfans are spending 8.5x the typical music listener, which creates a large alternative for artists.”
Renaissance permits followers to trace their streams in real-time, enter unique artist gieaways, and be part of streaming events and communities centered round their favourite artists. The artist platform permits a seamless expertise between the cellular and net apps for artists to attach with their most engaged followers.
“With an thrilling lineup of latest options within the pipeline, we’re constructing the last word platform for artists and superfans to attach like by no means earlier than,” provides Devon Ulrich, co-founder and COO.
“They’re obsessively centered on offering superfans of artists the most effective expertise potential. Superfans spend extra money and time on their favourite artists than anybody, but are under-served. Renaissance has created a really interactive expertise followers love and wish to preserve coming again to. And it exhibits of their unbelievable development in a short while,” stated Tobi Bauer, Companion at Blockchain Founders Fund.
“Finally, this spherical permits us to maneuver quicker towards our objective of being the business commonplace in terms of artist-fan relationships globally,” concludes Deol.