The music licensing startup Slip.stream has raised $ 3.25 million in an initial financing round.
The round was led by Third Prime with the participation of LightShed Ventures, Operator Partners and Dash Fund.
Slip.stream, described as the “Creator Safe Music Platform”, was started by entrepreneurs David Carson (Fuse, Heavy.com, New Stand founder), Dan Demole (Jingle Punks founder) and Jesse Korwin (Jingle Punks CMO) called.
The platform offers a copyrighted library with over 50,000 titles and 40,000 sound effects, filled with “real music from real artists”.
Slip.stream claims to remove “the friction over music rights” and allow YouTubers to include music in their videos and streams.
Co-CEO David Carson founded Fuse Music Television, the rock channel that was later sold to NUVOtv by Jennifer Lopez for $ 226 million.
Carson is also the founder of media publishing company Heavy.com and New Stand, which recently closed a $ 40 million financing round.
In addition to Carson, Dan Demole has a music / tech background at Jingle Punks, along with CMO Jesse Korwin, which was sold to WME and Anthem Entertainment.
“I am delighted to be working with the group of investors we have put together – their skills are an amazing blend of institutional skill and deep entrepreneurial experience.”
Dan Demole, Slip.stream
Co-CEO Dan Demole said, “As the creation economy has exploded, music rights are a major cause of confusion and frustration in the creator market.
“Slip.stream removes that friction by making it easy for our users to find great music for anything they create … a game stream, a vlog, or a podcast … it doesn’t matter.”
“I am delighted to be working with the group of investors we have put together – their skills are an amazing blend of institutional skill and deep entrepreneurial experience.
“It’s also nice to have Third Prime back on our team [they funded Jingle Punks]; When we have people you trust and with whom you have a shortcut, we can really focus solely on growing the business. “
“Slip.stream takes advantage of the rise of the creator economy and enables creators to combine their video creations with a unique and diverse music catalog.”
Rich Greenfield, Lightshed Ventures
Rich Greenfield, General Partner of Lightshed Ventures, said, “The Creator Economy is one of the most exciting trends LightShed is seeing in the TMT landscape today, with every major technology platform now aggressively promoting Creator.
“Slip.stream takes advantage of the rise of the creator economy and enables creators to combine their video creations with a unique and diverse music catalog.”Music business worldwide