WavMaker – a next-generation music licensing platform for video creators – announced that it has launched with $5 million in seed funding. Vicky Patel, a principal of the Nashville-based record label Wavy Records and the co-founder and principal of Monarch Media, led WavMaker’s seed funding round.
Patel spent 20 years in Silicon Valley and brings a rich history in media and technology to WavMaker. The company will use Patel’s investment to expand the platform’s capabilities, hire staff, and increase customer outreach.
The platform was built to help video producers quickly find the perfect song for any project. And it offers a high-quality music catalog that is cleared for commercial use.
WavMaker was created by music industry veterans Matt Arcaini (Chief Executive Officer), Mark Stuart (Director of Label Services), and Caleb Grimm (Director of Marketing). And the company’s founders have a combined 50+ years in the music industry, multiple Grammy wins and nominations, and nearly 20 million social media followers. So they understand the challenges creators face in licensing music for their content. Many are forced to navigate inconsistent libraries with high costs and confusing licensing structures.
KEY QUOTES:
“As a musician and creator myself, I understand the constant struggle to find affordable, quality music for video content. Sifting through a platform to find the right music can be frustrating and limit creativity. We created WavMaker to offer creators and musicians a mutually beneficial and frustration-free solution. Our platform frees creators from worrying about acquiring high-quality music and allows them to focus on producing incredible content. Musicians have a new outlet for their music. It’s a win-win for all.”
– Matt Arcaini (Chief Executive Officer)
“Our team has put tremendous care into building an intuitive user interface that makes finding and acquiring high-quality music easier than ever. Our platform abstracts away the inherent complexity of music licensing and makes finding the right song part of the creative process. We’re constantly trying to put ourselves in the creator’s shoes and anticipate the things that might slow down their workflow. I’m proud of what we’ve accomplished in a short time and tremendously excited about the potential for the product going forward. I don’t feel like there’s a problem in this space that we aren’t equipped to tackle.”
– Jack Whitis, CTO of WavMaker
