YouTube UGC monetistation tool Audiam has secured $2m in Series A funding which comes after an initial round of $500k in angel funding last year. It was set up by Jeff Prince and Peter Wells, co-founders of TuneCore, and seeks to collect ad revenue of behalf of publishers and composers when their songs are used in UGC clips on the video-sharing site. In total, its publisher clients control the rights to around 100,000 songs (including those by Dolly Parton, Pink Floyd and Daft Punk). Investors include Epitaph Records founder Brett Gurewitz and concert promoter/manager Bill Silva as well as artists Jason Mraz and Jimmy Buffett, making them the “new Justin Bieber/Lady Gaga/Bono[delete as applicable] of tech startup investment”.

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