Dubset Media Holdings, the startup whose technology aims to help digital services identify and pay rights-holders whose content is used in remixes, has raised $4m in a fresh Series A funding round.
The investment is being led by Boston-based Cue Ball Capital, which focuses on recurring revenue platforms in business information services, digital media and specialty consumer opportunities.
Dubset’s MixBANK technology platform has been built to determine the appropriate rights-holders within a DJ mix, while simultaneously clearing the track across all relevant label and publishing parties.
Dubset enables record labels and music publishers to set permissions for access via a rules-based system which aims to prevent the need for time-consuming searches and initiate claims.
Last year, the company signed agreements with Spotify and Apple Music for its system to be used on their platforms – potentially allowing user-generated/amateur remix content to be uploaded onto the services for the first time.
“Our investors are a diverse group that shares our belief that the music fans who love mix and remix content are a massively underserved audience who will benefit immensely from our work at Dubset.”
Stephen White (pictured)
“Cue Ball’s leadership in this investment round and strong participation from the music and venture capital community validates our approach and strong belief that artists deserve to be fairly compensated for the use of their content,” said Dubset Media CEO, Stephen White.
“DJs are the ultimate curators and hundreds of millions of music fans all over the world are hungry for their mixes and remixes. We look forward to being able to make this amazing content available at scale. Our investors are a diverse group that shares our belief that the music fans who love mix and remix content are a massively underserved audience who will benefit immensely from our work at Dubset.”
Other notable participants in the Series A round include the music data and rights company MediaNet, Neoteny 3, Resolute Venture Partners, and Redwood Venture Partners.
At the midway point of last year, Dubset was not licensed by the major labels or Merlin on the recorded music side, but White told MBW he was confident this would soon change.Music Business Worldwide