Data aggregation company Soundcharts has completed a €320k ($360k) seed funding round – money with which it says it’s aiming to become “the indispensable tool for all industry professionals”.
Several investors took part in the raise for the Paris-based company, including Thibaud Elziere (founder of Fotolia and the startup studio eFounders: Mailjet, Mention, Front), Guy Messina (former commercial director of FNAC and Virgin Megastore) and Michael Dadoun (founder of Lavasoft and UpClick).
SoundCharts brings together real-time and historical music consumption data from charts, airplay, playlists and social networks, and breaks it down territory-by-territory.
The service boasts 6,000 users, including employees from the three majors (Universal Music, Sony and Warner), as well as many independents such as Beggars, Kobalt or BMG.
“Soundchart gives meaning to all of this data thanks to an intuitive dashboard.”
David Weiszfeld, SoundCharts
Music data intelligence has been big business in recent years, with Apple (Semetric/MusicMetric), Spotify (The Echo Nest) and Pandora (NextBigSound) all making significant acquisitions in the arena.
David Weiszfeld, founder of Soundcharts, says he realised the need for real-time artist data from a number of research points when he was Head of International Development for Universal Music France.
“Soundcharts processes, analyzes and archives a mass of information in real-time, and gives meaning to all of this data thanks to an intuitive and ergonomic dashboard,” he explains.
“We provide this data to the various industry players: artists and their managers, record labels, publishers, live producers, and advertising agencies of all size.”Music Business Worldwide