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Mogul says it has tracked $1.5B in music royalties, raised $5M in funding

TechCrunch·@IvanMehta·2 months ago
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Music rights and royalties are a complex world. There are multiple types of royalties, and artists need to make sure that their data is updated across all platforms so they don’t miss out on potential earnings. For them, making sure that they have all the information in the right place while maintaining creative output is a tiresome task. Mogul, a platform founded by former SoundCloud head of creators Jeff Ponchick and former SoundCloud VP of engineering Joey Mason, announced Tuesday that it has helped artists track $1.5 billion in lost royalties since its launch last year. The startup also raised $5 million in a new round of funding led by the Yamaha Music Innovations Fund with participation from the Urban Innovation Fund, Mindset Ventures, and Fairway Capital Partners, alongside existing investors Amplify LA and Wonder Ventures. The company has raised more than $6.3 million in funding to date. Mogul currently has six people on staff, and plans to grow the team with the funding.…

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