beatBread, a music funding platform, has raised $124 million in credit and equity from investors including Citi, Deciens Capital, Mucker Capital, and Advantage Capital to support its growth.
The new investment allows beatBread to advance its technology, grow its team, and strengthen industry partnerships. Since 2020, the company has funded artists and labels worldwide, offering flexible options for catalog and unreleased music. Citi participated via its SPRINT team, focused on strategic investments. beatBread’s transparent platform enables artists, writers, and indie labels to customize deal terms, select partners, and compare funding offers, helping them retain ownership of their music.
How the funding will be used: The funding will be utilized to expand sales, marketing, and product teams, and provide flexible support to artists, writers, and independent labels.
KEY QUOTES:
“At beatBread, we’re building a financial foundation for true artist and label independence. By giving creators more choice, more access, and more control, we’re helping them stay independent on their own terms. We believe in a future where artists and independent labels have the power and freedom to shape their own success, compare multiple funding options from multiple funding sources, and make the choice that’s right for them, whether it’s funding from beatBread, a partner or even a competitor.”
Peter Sinclair, CEO of beatBread
“We’re excited to support beatBread as they empower independent artists with tech-driven financing solutions. This investment also marks a meaningful step in our exposure to music royalties as a reemerging asset class.”
Lee Smallwood, Citi’s Head of Markets Innovation and Investments
“At Triple 8, we believe artists should be able to create and release the music they want, the way they want. beatBread gets that in everything it does. They give artists, managers and labels greater clarity, control, and fair terms. That’s important in a business where so many people are trying to be anything other than transparent. Every day we see the power of what they’ve built, and that’s why we’re not just using beatBread, but I’m personally actively investing in the company as a whole.”
beatBread investor Paul Steele, Executive Partner at Triple 8 Management
