Symphony, an AI-powered advertising platform for music artists, has raised $1 million in pre-seed funding. Right here’s the newest.
The nascent firm picked up backing from Spice Capital, GoldHouse Ventures, LVRN Data, Guin Data, and different music trade luminaries. The startup goals to make use of the funds to revolutionize the advertising workflow for artists and the creatives who assist them.
Symphony says it goals to democratize entry to stylish advertising applied sciences, permitting impartial artists to make use of the identical highly effective instruments massive gamers within the trade have at all times had of their arsenal. Symphony says since its beta launch in April 2022, it has processed over $750,000 in promoting budgets to assist generate 150 million streams for artists nurtured by Integral Studio.
Co-Founders Megh Vakharia and Chuka Chase bought their begin in 2016 once they based Integral Studio. That digital company helped artists monetize their fanbase and after constructing an artist web site for SZA, the 2 realized the potential they needed to profit artists.
“Artists are in management and so they lastly have the ability to construct a profession themselves, with out anybody taking a chunk,” provides Megh Vakharia, CEO of Symphony. “Our solely purpose with Symphony is to assist the following million artists keep in management and construct their companies on their very own phrases.”
One side of that’s Endlessly Saves, which helps maintain followers within the know when their favourite artists launch new music. When followers subscribe to Endlessly Saves and consent to supply knowledge—their e-mail, identify, location, and most popular streaming service are all handed on as knowledge factors. A ‘Meet the Followers’ tab centralizes the information in a single place, permitting you to get a broad image of your fanbase.
Vahkaria says Symphony was constructed on a basis of a long time value of promoting expertise whereas collaborating with outstanding artists like SZA and 21 Savage. Its suite of companies empowers musicians to construct large fan bases like by no means earlier than.