SYDNEY, May 16, 2024
/PRNewswire/ -- Australian music licensing startup, Melodie
(www.melod.ie), has just secured $1M
in fresh funds, ahead of a strategic capital raise planned for
2025.
As of 2024, this puts the company's total funding at just under
$3M from investors including early
Atlassian employee and Code Barrel founder Nick Menere, and Peter
Strain, co-owner of The Drop Festival.
The company's continued growth and success has been acknowledged
by The CEO Magazine where Evan
Buist, Melodie's Founder and Managing Director, was recently
awarded 'Highly Commended Entrepreneur of the Year', ahead of
Melodie taking out the prestigious 'Product of the Year' award
(Audio Production, Processing and Networking) at NAB Show in
Las Vegas last month, as well as
Acquisition International's Global Excellence Award for
'Music Platform of the Year 2024 – APAC'.
Melodie was founded in November
2017. Since then, from an investor's perspective Melodie's
core numbers have been growing exponentially. In fact, they have
had an impressive 96-229% YoY increase in revenue over each of the
past three years, which includes snowballing broadcast royalty
income and recurring revenue from creators, brands, broadcasters,
production companies and API users (such as the
US-based GoDaddy Studio).
Investors are paying attention, as Melodie just announced a
convertible note bridging round ahead of a larger strategic equity
raise planned for 2025. With $1M
already committed, there is clearly strong investor confidence in
the company's continued growth.
Melodie's Founder, Evan Buist,
said the bridge round would help to fuel strategic partnerships and
international growth, ahead of setting up Melodie's first European
office in France this year.
"As we mark our sixth year of operation, we are building
closer relationships with our partners, and broadening our global
presence. Three of the world's four largest royalty markets are
France, the UK and Germany. With more than 20 million minutes of
our music now broadcast on FTA and VOD platforms in Australia alone, we are looking to replicate
that success in key European markets, leveraging data to create
long-term, powerful strategic alliances," Buist claims.
Melodie will be exhibiting at IBC Amsterdam in September, and MIPCOM
Cannes in October. Showcasing a
catalogue that now sits at over 25,000 exclusive, high-quality
tracks created by a roster of award-winning composers and
independent artists from all around the world.
Melodie's purpose of supporting a creative community
remains at its core: every time a piece of music is downloaded at
Melodie, an artist gets paid. Melodie continues to create
income for countless independent musicians, in a way that places
value on their creativity and acknowledges the arts as an
income-generating industry.
"Melodie has demonstrated exceptional growth and innovation
in the music licensing industry and we are proud to support them as
they continue to revolutionize the music ecosystem and create
significant value for both creators and investors," shared
Aly Madhavji, Managing Partner at
Blockchain Founders Fund.
About Melodie
Melodie
Music is an Australian company that provides a simple
solution for content creators seeking to find and license
high-quality music for their projects. With Creator, Pro and
Enterprise subscription options, their exclusive and meticulously
curated catalogue of original music is accessible through an online
search platform equipped with AI-powered search tools. Founded by
composers, musicians and sound designers with first-hand experience
of the crucial role music plays in storytelling, Melodie delivers
an intuitive, user-friendly music licensing platform that caters to
the needs of content creators, while supporting the growth of the
music creators themselves. Learn more at www.melod.ie
Melodie Contact Details:
● Contact: Kat
Tame, Marketing Manager
● Email: 377785@email4pr.com
● Number: +61 (0)415 562 574
● Website: https://melod.ie/
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SOURCE Melodie