Duetti Raises $114M to Expand Independent Artist Funding, Including First-Ever Music Rights Securitization

Duetti Raises $114M to Expand Independent Artist Funding, Including First-Ever Music Rights Securitization

By Marcus Bennett

November 17, 2024 at 09:25 PM

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Website with solid green background

Duetti, an independent music catalog investor, has secured $114 million in new funding, comprising an $80 million asset-backed securitization through Barclays and $34 million in equity financing from Flexpoint Ford, Nyca Partners, and Viola Ventures.

This funding round follows their $90 million raise eight months ago, bringing their total funding to over $235 million since launch. The securitization marks the first instance of independent music rights being securitized with institutional Wall Street investors.

Duetti focuses on acquiring tracks that:

  • Are at least two years old
  • Generate over 500,000 annual streams
  • Come from independent artists

The company plans to use the new capital to:

  • Purchase additional music catalogs
  • Enhance proprietary forecasting and pricing technology
  • Expand marketing and sync opportunities
  • Grow presence in Los Angeles and Miami

"We're leading the way in educating capital markets on the independent music sector's value," said CEO Lior Tibon. "This funding will enable us to offer more diverse financing options for independent artists outside the major label ecosystem."

This funding announcement comes amid a broader trend of high-value music catalog acquisitions, including recent deals like Sony Music's reported $400 million Pink Floyd acquisition and Concord's $217.3 million Daddy Yankee asset purchase.

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Emmy Feldman in white shirt

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