Songfinch Closes Series Seed Financing Round Led by Corazon Capital
The Personalized Music Creation Marketplace Receives Backing From Corazon Capital Along With Several Key Music and Technology Giants
CHICAGO, April 6, 2022 (Newswire.com) - Today, personalized music creation company Songfinch announced it has closed its $5 million Series Seed financing round led by Corazon Capital, a Chicago-based venture firm with extensive consumer investing and operating experience. In addition to Corazon, numerous strategic investors joined the round including music icon Quincy Jones and music superstars Abel "The Weeknd" Tesfaye and Amala "Doja Cat" Dlamini.
"We've built, operated, and invested in a number of consumer technology marketplaces, and a core question we ask is whether the platform is creating magic on both sides of the marketplace. Songfinch is actively and definitively accomplishing this for consumers and artists alike. Consumers receive a durable, lasting, personalized product, while artists make real income by doing what they love. We're extremely bullish on their potential to be the leading creator platform for musicians and thrilled to be a part of this journey," said Sam Yagan, co-founder and Managing Director of Corazon Capital.
In this round, Songfinch also adds to its list of investors, Craig Kallman (Atlantic Records CEO), Rob Price (School of Rock CEO), Michael Keiser (founder of Recycled Paper Greetings), Pat Vihtelic (founder of HomeChef) and David Kalt (founder of Reverb.com). Commensurate with this investment round, former Tinder CMO and current Corazon Capital Partner Phil Schwarz will join Songfinch's Board of Directors. "We were equally impressed by the Songfinch team, what they've built, and the remarkable feedback from Songfinch artists and customers alike. I'm so excited to invest in and support the company now and going forward as they are poised to scale."
Since launch, Songfinch has created nearly 100,000 personalized songs to commemorate a large variety of life events, from birthdays and holidays to anniversaries, job promotions and everything in between. "We already know music is an incredible gift, and our customers repeatedly tell us how much they treasure their one-of-a-kind songs. The expanse of Songfinch stretches far beyond gifting, and we're excited to deliver on that in the months and years to come," noted Songfinch co-founder and CEO John Williamson.
More than 1,200 musicians are active on Songfinch, leveraging the platform to not only generate income but also to hone their craft in the studio by producing hundreds of one-of-a-kind songs, capturing the inspiration of customer stories. "Our company mission, as it pertains to artists, is to provide opportunities that take them from working a part-time job on day one to making a living as a full-time musician by day 90," Williamson said. To date, Songfinch has paid out more than $5 million to independent artists.
Songfinch is co-founded and led by John Williamson, Rob Lindquist, Scott Kitun and Josh Kaplan. Corazon Capital is a leading Chicago-based venture fund co-founded by serial entrepreneur Sam Yagan that brings a coastal approach to Seed and Series A investing. Learn more at www.songfinch.com.