SourceAudio Secures $1.2 Million in Seed Round Funding
Music Licensing Search and Distribution Company to Quickly Expand Into Ad Agency, Radio, Broadcast and Theatrical Marketing Industries
LOS ANGELES, Calif., October 15, 2013-- SourceAudio (http://www.sourceaudio.com), a music licensing search and distribution platform that hosts thousands of industry leading music publishing labels, has secured $1.2 million in seed funding led by Emerson Investment Group. The investment will be used to fuel immediate growth and execute on several key business development & partnership initiatives.
SourceAudio has developed a cloud audio asset management platform and marketplace that solves search and distribution issues inherent in the music licensing business today. Through its digital platform, SourceAudio helps music publishers, labels, artists and composers deliver millions of music and sound design tracks to media content creation companies all over the world.
“I believe SourceAudio is the de facto cloud hosted standard in the multi-billion dollar sync music licensing industry,” said Steve Emerson of Emerson Investment Group. “This investment will help the team continue to serve a rapidly growing addressable market and expand the offering to new verticals with exciting and innovative technology.”
“SourceAudio is the best way for music publishers, musicians and labels to pitch and make their music available for search by media companies and content creators,” said Geoffrey R. Grotz, Co-Founder and CEO. “This new investment allows our team to expand our product suite to better service and control costs for our growing client base, which includes music publishing, ad agency, radio, broadcast, and entertainment marketing companies.”
SourceAudio (http://www.sourceaudio.com) is a professional, business to business music licensing & distribution technology provider that currently hosts over 600 music catalogs, 3,400 music labels, and 5 million tracks, available for license, on our cloud-based platform. We enable music publishers, libraries and catalogs of all sizes to host and deliver their music to buyers all over the world using proprietary technology that makes licensing & distributing music easier than ever before.
With content creation on the rise, the demand for quality music is at an all-time high. Our self-serve, network-based approach makes music publishing, search & discovery, and connecting music buyers & sellers incredibly fast and simple.
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