Music Industry Funding Surges in November Despite Major Year-to-Date Drop — What's Coming in 2025?
Core music industry funding saw notable growth in November 2024, with a 27% year-over-year increase despite overall declining trends in 2024. Here's what the data reveals:
November 2024 Funding Overview:
- 5 funding rounds totaling $46.60 million
- Largest round: Trolley's $23 million Series B
- Smallest round: Conduction's $250,000 pre-seed
- Average round size: $9.3 million (nearly identical to November 2023)
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2024 Year-to-Date Performance (January-November):
- Total funding: $3.21 billion (68% decrease from 2023's $10.08 billion)
- Core industry funding declined by 35% year-over-year
- Major contributors:
- Concord's $850 million ABS
- Iconic Artists Group's $1 billion
- Create Music Group's $165 million
- TickPick's $250 million
Key Market Insights:
- Ticketing sector likely to slow down after significant 2024 investments
- Catalog investors appear well-funded for current operations
- AI-related funding remains significant but separate from core industry metrics
- Recent months show positive growth trends, potentially indicating recovery
The data suggests a possible rebound in 2025, though the market remains significantly below 2023 levels. The concentration of funding among a few major players indicates continued consolidation in the industry.
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