Soundstripe, a Nashville, Tennessee-based production music startup founded by Travis Terrell (Co-CEO), Trevor Hinesley (CTO), and Micah Sannan (Co-CEO), announced it has raised $4 million in Series A funding led by Vocap Investment Partners.
What does Soundstripe do? It offers robust and cost-efficient solutions for royalty-free music. And Soundstripe essentially offers the full supply chain for original music including production, ownership, and distribution of its music library directly to filmmakers for consistent quality music content and a focus on innovative user experience for the video creator market. Due to its popularity with creators, Soundstripe has seen triple digit year-over-year growth over the last 3 years.
This round of funding will enable Soundstripe to continue expanding its presence in the production music space where its subscription model has resulted in over 2 million “micro-licenses” being issued in over 130 countries since the company launched in 2016. And it will also enable Soundstripe to invest further in its original content, expand product offerings, and enhance its enterprise solution to the growing list of clients.
“This investment will help take Soundstripe to the next level of growth by enabling us to create the world’s best music for video and deliver that to customers in the simplest way possible,” said Soundstripe co-founder and co-CEO Travis Terrell. “We can now grow our subscriber base by leaning into proven growth channels, expanding our acquisition of original music content, creating new product and feature expansions, and investing in our personnel and office space.”
“It is amazing what the Soundstripe team has accomplished with only $500k of funding prior to our investment,” added Vocap Investment Partners Managing Director Vinny Olmstead. “In just three years, they have disrupted an expanding market by creating a simplified and elegant solution. Their unique approach to producing and owning their music fosters a pricing and licensing advantage that has heeded great success. In addition, their vision for future expansion and product development is exciting to say the least. We are thrilled to partner with this team to go attack this tremendous opportunity.”
As Soundstripe is built on the mission of “keep creatives creating,” it enables video producers to pay a subscription fee for unlimited and royalty-free usage of the music in Soundstripe’s catalog.
The music on Soundstripe is created by a team of composers, mix engineers, songwriters, producers, and music industry professionals employed by the company to ensure that tracks are of the highest quality. The licenses cover all uses and remain in effect if a video producer choose to cancel their membership or let it expire.