Nashville-based startup Soundstripe is a production library that licenses its catalogue to video producers of all levels, from YouTubers to advertising firms and filmmakers. The company says it has issued more than 2m of its ‘micro-licences’ since it was founded in 2016. Now it has raised $4m of Series A funding to continue growing the business, adding to its previous $500k of seed investment. The new round was led by VC firm Vocap Investment Partners.
“This investment will help take Soundstripe to the next level of growth by enabling us to create the world’s best music for video and deliver that to customers in the simplest way possible,” said co-CEO Travis Terrell. “We can now grow our subscriber base by leaning into proven growth channels, expanding our acquisition of original music content, creating new product and feature expansions, and investing in our personnel and office space.”
The company operates two subscription tiers: $15 a month (or $135 a year) for a standard tier offering unlimited music licences and curated playlists to help find tracks, and $252 a year for a premium tier that adds in sound effects, pre-release music access, and more than 1k tracks with stems.