US-primarily based songs tech startup IndieFlow, explained as an “Operating Program for impartial new music creators”, has lifted $4 million in new funding.
The spherical was led by Condition of Thoughts Ventures, with participation from Oryzn Capital, Or Perry (Co-Founder of StreamElements), 5 Eyes Venture, TechStars, and Moshe Gaon.
IndieFlow was co-started by Omer Matz, who serves as the company’s CEO, and Elad Pankovski, its Chief Expansion Officer.
IndieFlow says that it supplies independent musicians with the applications to “organize, control and increase their music careers proficiently on their own”.
The new funding round will be utilised to expand its staff and speed up expansion.
IndieFlow claims to be a “Shopify for musicians,” that “centralizes all company aspects that a musician has to deal with”.
The system features distribution to streaming platforms, amassing payments and royalties, tracking data, scheduling, promoting and managing tasks, reserving gigs, and collaborations.
IndieFlow was founded in 2020 and the organization promises that “thousands of musicians” have signed up to use its system.
“When we met the IndieFlow Founders we noticed the exact enthusiasm and pure elements that we observed when we invested in Stream Components Creators wanting to discover their way in the new digital place, needing resources, assist, community and the potential to make cash.”
Andy Bellass, Point out of Thoughts Ventures
Andy Bellass of Point out of Head Ventures, reported: “We have been obsessed with the blend of Creator Economy and Marketplace.
“When we met the IndieFlow Founders we observed the exact same passion and pure components that we noticed when we invested in Stream Aspects Creators looking to obtain their way in the new digital space, needing tools, aid, neighborhood and the means to make income.
“We are super psyched to direct this seed spherical and enable establish yet another beast of a brand name.”
“The content material development industry has been through a important transformation due to how written content is getting eaten.”
Elad Pankovski, IndieFlow
Elad Pankovski, Chief Progress Officer at IndieFlow said: “The content material development industry has undergone a key transformation thanks to how written content is being consumed.
“Music is a main pillar in the articles industry with more than $50 billion in income from streaming and ticketing, but the creators by themselves are the previous to get pleasure from these income.
“While shifts in technological instruments have transformed the gaming and movie industries, the songs sector has been remaining driving. IndieFlow has an option to upend songs development and this round is a massive action forward towards performing so.”New music Enterprise Around the world