We know that Sony Corporation’s early-stage investment arm, the Sony Innovation Fund, likes sample-clearing service Tracklib. It invested $4.5m in the startup in June last year, and has now reached for its wallet again as part of Tracklib’s latest funding round of $12.2m.
Other existing investors who are part of the new round include WndrCo and Bridford, the latter being the investment firm of Jörg Mohaupt, who has also backed music companies Discogs and Soundtrack Your Brand.
Tracklib says it plans to use the funding to continue growing, and to sign more partnerships with high-profile producers and artists on its service, which helps musicians to clear samples. The company has built a catalogue of more than 100k recordings from more than 400 labels and publishers.