Duetti – a music financing platform democratizing the music business by enabling catalog monetization for independent artists – announced $90 million in new funding. This includes $15 million of new equity and a new $75 million credit facility. The equity financing is led by Nyca Partners, Viola Ventures (Duetti’s lead seed equity investor), and Cohen Circle.
Northleaf Capital Partners provided the $75 million credit facility. The latest funding underscores Duetti’s ability to acquire catalog tracks at scale and highlights the increasingly positive long-term financial outlook of the independent music market.
Duetti’s model unlocks immediate cash flow for a wide range of artists, enabling them to sell master catalogs, individual tracks, or parts, an opportunity previously only accessible to a small group of A-list artists. And the new funding will support accelerated growth of Duetti’s catalog acquisitions, development of proprietary advanced prediction and analytics technology, and expansion of unique catalog marketing capabilities. Duetti recently opened offices in New York, Los Angeles, and Miami to support the growing team.
Duetti quickly emerged as an essential business partner and trusted ally for over 250 artists across all genres and career stages – including Olivia O’Brien, Sevyn Streeter and Łaszewo. And offering a wide range of financial options, Duetti’s deals typically start at $10,000, reaching up to $2 million per transaction. The independent artist segment grew exponentially in recent years.
According to Luminate, 436,000 total tracks were streamed 1 million times or more globally in 2023, a 17% increase versus the prior year.
KEY QUOTES:
“The music industry has evolved and independent artists are bucking tradition and approaching their careers in new, savvy ways. At Duetti, we are dedicated to making the industry more transparent and unlocking new opportunities for independent artists who are normally overlooked by the investment community and the more traditional label system.”
- Duetti CEO and Co-Founder Lior Tibon
“We are excited to partner with the Duetti team on their creative efforts to provide liquidity to independent artists. The company’s data-forward approach combined with its partner-centric model puts Duetti in a position to become a critical and scaled player in the music investment space.”
- Jeremy Solomon, Partner at Nyca
“Northleaf is delighted to partner with Duetti to support the company’s continued growth, leveraging our combined expertise to drive industry-transforming opportunities for artists and investors alike. Their innovative systems and operational processes are impressive and we believe they are well-positioned for ongoing success.”
- CJ Wei, Director at Northleaf
“I could not ask for much more from Duetti – they bought a number of my tracks and will increase my streaming performance while providing me with upfront cash to help me focus on my next projects. Working with Duetti was transparent, fair, and a much needed breath of fresh air in this industry.”
- Brent Morgan, Singer, Songwriter, and Duetti Artist Partner
