Dunbar (pictured), was previously President of UK and Europe.
Co-Founder Jayce Varden has also returned to the company and Scott Graves has re-joined as President of the North American territory.
PledgeMusic says that it has a new financial team in place under the leadership of Richard Vinchesi, a partner at one of PledgeMusic’s larger investors, Sword, Rowe & Company.
The direct to fan platform claims to have “established a commitment” from Nashville based music business financier Lyric Financial “to help expand its working capital and improve payable processing.”
“PledgeMusic plays a fundamental role in the global music industry.”
Eli Ball, Lyric Financial
“I have been a fan of PledgeMusic since its inception. PledgeMusic plays a fundamental role in the global music industry,” said Lyric Financial Founder & CEO Eli Ball.
“Not only do they provide a critical funding tool for artists, but also, a home for over three million music fans to engage with their favorite artists and to discover new artists.
“It is this dual role that makes PledgeMusic such a key tool for all artists, big or small. I am excited about the moves the company is making to reorganize in order to better serve the artist and fan communities. Lyric Financial is proud to be a partner with PledgeMusic. We look forward to supporting them as they continue to grow their world-class platform.”
In the coming weeks, PledgeMusic will be rolling out a new backend and additional tools, an upgraded payment system and real time analysis of campaigns.
The company claims to have distributed over $100 million in artist payments through 50,000+ projects since it was launched in 2009.Music Business Worldwide