Personalized music creation company, Songfinch has closed a $5m Series Seed financing round led by Corazon Capital, a Chicago-based venture firm.
In addition to Corazon, numerous strategic investors joined the round including music icon Quincy Jones and music superstars Abel ‘The Weeknd’ Tesfaye and Amala ‘Doja Cat’ Dlamini.
In this round, Songfinch also adds to its list of investors, Craig Kallman (Atlantic Records CEO), Rob Price (School of Rock, CEO), Michael Keiser (Founder of Recycled Paper Greetings), Pat Vihtelic (Founder of HomeChef) and David Kalt (Founder of Reverb.com).
Songfinch is co-founded and led by John Williamson, Rob Lindquist, Scott Kitun and Josh Kaplan.
Corazon is co-founded by serial entrepreneur Sam Yagan.
Since launch, Songfinch claims to have have created nearly 100,000 personalized songs to commemorate a huge variety of life events – from birthdays and holidays to anniversaries, job promotions and “everything in between”.
More than 1,200 musicians are active on Songfinch.
To date, Songfinch reports to have paid out more than $5 million to independent artists.
Commensurate with this investment round, former Tinder CMO and current Corazon Capital Partner, Phil Schwarz, will join Songfinch’s Board of Directors.
“We were equally impressed by the Songfinch team, what they’ve built, and the remarkable feedback from Songfinch artists and customers alike.”
Said Schwarz: “We were equally impressed by the Songfinch team, what they’ve built, and the remarkable feedback from Songfinch artists and customers alike.
“I’m so excited to invest in and support the company now and going forward as they are poised to scale”.
“We already know music is an incredible gift, and our customers tell us repeatedly how much they treasure their one-of-a-kind Songfinch songs.”
John Williamson, Songfinch
Songfinch co-founder and CEO John Williamson, said: “We already know music is an incredible gift, and our customers tell us repeatedly how much they treasure their one-of-a-kind Songfinch songs.
“We also think that the expanse of Songfinch stretches far beyond gifting, and we’re excited to deliver on that in the months and years to come.”
Added Williamson: “Our company mission, as it pertains to artists, is to provide opportunities that take them from working a part-time job on day one to making a living as a full-time musician by day 90.”
“We are extremely bullish on their potential to be the leading creator platform for musicians and thrilled to be a part of this journey,”
Sam Yagan, Corazon Capital
Sam Yagan, co-founder and Managing Director of Corazon Capital, said: “We’ve built, operated, and invested in a number of consumer technology marketplaces, and a core question we ask is whether the platform is creating magic on both sides of the marketplace.
“Songfinch is actively and definitively accomplishing this for consumers and artists alike. Consumers receive a durable, lasting, personalized product, while artists make real income by doing what they love.
“We are extremely bullish on their potential to be the leading creator platform for musicians and thrilled to be a part of this journey,”Music Business Worldwide