Mogul, a music startup that lets artists and managers track and identify missing royalties, has raised $5 million in a funding round led by the Yamaha Music Innovations Fund.
Other investors include the Urban Innovation Fund, as well as Mindset Ventures and EU-based Fairway Capital Partners. Amplify LA and Wonder Ventures have also renewed their commitment.
Mogul claims to have tracked more than $1.5 billion in royalties for artists since launching in early 2024.
According to Mogul, the new funding will be used to expand its ability to serve “artists, managers, and business managers of all kinds”.
Established in 2024 by former Head of Creator at SoundCloud, Jeff Ponchick, and Joey Mason, the company describes itself as a “unified royalty management platform” for artists seeking to simplify their finances and ensure they receive their rightful earnings.
“A universal source of truth for music royalties has long been the industry’s holy grail,” said Ponchick. “Instead of forcing a top-down solution, trying to wrangle labels, publishers, CMOs, and others, Mogul starts at the data itself by bringing together the fragmented metadata that determines payouts and turning it into a clear, actionable view of an artist’s income, with tools to surface and resolve issues fast.”
“We are committed to building tools that empower musicians to get the best deal possible should they choose to take this path with their career.”
Jeff Ponchick, MOGUL
Mogul is also launching a Catalog Valuation Center, which aims to help artists better understand not only the total value of their catalog, but also top-end tracks and a breakdown between publishing and sound recording totals, in order to better navigate their advances and catalog sales.
Ponchick said that the new product – which was made possible due to the resources from the funding round – comes at a time when there is “heightened interest in catalog acquisitions in the music business yet very few tools are available to artists who need to know their catalogs’ worth”.
“We are committed to building tools that empower musicians to get the best deal possible should they choose to take this path with their career,” he added.
“Mogul is addressing one of the largest structural inefficiencies in the creator economy: fragmented data across royalties, revenues, and payments.”
Andrew Kahn, YAMAHA
Mogul previously raised $1.9 million in a funding round in early 2024, and later announced that it had surpassed $100 million in tracked royalties for its users in the first three months since its launch.
“Mogul is addressing one of the largest structural inefficiencies in the creator economy: fragmented data across royalties, revenues, and payments,” added Andrew Kahn, Managing Partner at Yamaha. “By aggregating hundreds of sources into a unified platform, they’re shrinking the tech stack for creators while unlocking faster, more accurate compensation.
“This combination of broad applicability and deep product execution creates defensibility, and while music is the most visible entry point, the opportunity extends well beyond it.”Music Business Worldwide
