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Downtown Music Holdings has invested in tech startup Vampr.
Vampr, launched in 2016, is dubbed because the ‘LinkedIn for Creatives’ in accordance with a press assertion issued on Thursday (November 17).
The startup claims to assist creatives and artists discover individuals to work with, create new music and monetize their work by its options together with premium subscription service Vampr Professional, its distribution arm Vampr Publishing and Vampr Academy, which gives programs and sensible video classes for creatives.
“Vampr has carved out an vital area of interest in our business that fosters connections between music creatives,” stated Tracy Maddux, Downtown Music Holdings’ Chief Industrial Officer.
Downtown didn’t disclose the dimensions of its funding in Vampr, which it carried out as a part of Vampr’s present Seed 3 funding drive.
Along with the funding, the New York-based unbiased rights administration and music providers agency says that it’s going to additionally assist develop Vampr’s advertising and marketing unit by offering its experience through Discovered.ee (pronounced FOUN-dee), a machine-learning powered promoting and digital advertising and marketing platform that Downtown acquired in January 2021.
Discovered.ee helps artists and labels construct, goal and improve promotional campaigns. With Discovered.ee, Downtown says that Vampr’s 1.2 million international customers will achieve entry to advertising and marketing instruments and to vary of on-line publications.
Downtown will even present Vampr with publishing instruments by Songtrust, a music royalty assortment and publishing administration firm that helps producers, and different rightsholders to gather their publishing royalties worldwide for over 3 million copyrights.
Moreover, Songtrust will administer the Vampr Publishing catalog, which represents over 60,000 songs. The catalog, which was launched in late 2020, has a compound month-to-month progress price of 21% in accordance with Downtown and has latest placements in exhibits and commercials from firms resembling Meta, CBS and HBO.
“Their funding is a bona fide business endorsement of the best order that Vampr is making all the proper noises in our mission to assist early stage musicians thrive in a crowded business.”
Josh Simons, Vampr
“We’re thrilled to increase our relationship with Downtown Music and its stellar group of manufacturers and providers. Their funding is a bona fide business endorsement of the best order that Vampr is making all the proper noises in our mission to assist early stage musicians thrive in a crowded business,” stated Vampr CEO Josh Simons.
The partnership with Downtown comes as Vampr continues to develop its enterprise. Earlier this yr, the corporate was named among the many 10 Most Modern Music Corporations of 2022 by Quick Firm.
“We see actual potential in Vampr as a platform which is why we’ve not solely invested, however are bringing our experience through Discovered.ee and Songtrust to assist them proceed to develop.”
Tracy Maddux, Downtown Music Holdings
Vampr was based by Australian musicians Josh Simons and Baz Palmer of Hunters & Collectors. The platform has facilitated almost 8 million connections throughout greater than 190 international locations globally, in accordance with its web site.
“We see actual potential in Vampr as a platform which is why we’ve not solely invested, however are bringing our experience through Discovered.ee and Songtrust to assist them proceed to develop,” Downtown’s Maddux added.
Downtown’s funding in Vampr comes two months after the group shaped a brand new division to handle its international providers for artists and songwriters.
The brand new unit referred to as Downtown Music combines all of its international enterprise {and professional} providers together with distribution, label and artist providers, publishing administration, video and user-generated rights monetization, neighboring rights, royalty accounting options, sync licensing and inventive help providers.
It follows Downtown’s latest expansions into new markets together with Latin America.Music Enterprise Worldwide
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