beatBread is launching a spin-off platform called sliceNote that will help investors back artists and independent labels.
Music financing company BeatBread started the year by raising $34m of its own funding to build a business providing advances to musicians.
Startup BeatBread’s technology automates the process of paying advances to artists based on their projected streaming revenues.
Startup BeatBread raised a $34m funding round in February 2022 to continue working on its ‘chordCashAI’ system.
We’ve been writing about music finance startup BeatBread since last summer, when it worked with a group of distributors to help them offer automated advances to artists.
BeatBread is one of the startups exploring ways to provide musicians with funding outside the traditional label system.
We first wrote about startup BeatBread in August 2021, when it talked about its work helping music distributors provide advances to artists.
Clients include UnitedMasters, Symphonic Distribution and Horus Music, who are all using its ‘chordCashAI’ system for automated advances options.