Duetti, a catalog acquisition company focused on independent artists, secured $200 million in new funding, the company announced. The capital injection is earmarked for accelerating music catalog acquisitions and expanding the company's technology and services on a global scale.
The funding round was led by a $50 million Series C equity investment from Raine Partners. It also included a $125 million private securitization and a $25 million increase to an existing credit facility. This latest round brings Duetti's total funding to over $635 million in the past three years, including over $100 million in equity.
This significant investment underscores the continued appetite for music catalog acquisitions in the current market. Companies like Duetti are playing an increasingly important role in providing independent artists with liquidity and resources, while simultaneously consolidating music rights. The influx of capital is expected to further intensify competition in the catalog acquisition space, potentially driving up valuations for independent music catalogs.
Duetti operates by partnering with independent artists, songwriters, and other music creators to acquire and manage portions of their music rights catalogs. To date, the company has partnered with more than 1,100 creators. The company's business model focuses on providing artists with upfront capital in exchange for a share of their future royalties, while also offering technology and services to help manage and promote their music.
With this new funding, Duetti is positioned to further expand its reach and acquire a larger share of the independent music catalog market. The company's focus on technology and artist services could differentiate it from competitors and attract more artists seeking comprehensive solutions for managing their music rights. The future will likely see Duetti continuing to consolidate independent music catalogs and potentially expanding its service offerings to artists.
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