Duetti Closes $90 Million Funding Round to Expand Acquisition & Monetization of Independent Artists’ Music Catalogs

Photo Credit: Duetti

Music financing platform Duetti has announced a $90 million new funding raise to help monetize independent artists’ music catalogs. Here’s the latest.The new funding includes $15 million of new equity, alongside a new $75 million credit facility. The equity financing is led by Nyca Partners, Viola Ventures, and Cohen Circle. The $75 million credit facility is provided by Northleaf Capital Partners. Duetti says this latest funding round underscores its ability to acquire catalog tracks at scale.

“The music industry has evolved and independent artists are bucking tradition and approaching their careers in new, savvy ways,” says Duetti CEO & Co-Founder Lior Tibon. “At Duetti, we are dedicated to making the industry more transparent and unlocking new opportunities for independent artists who are normally overlooked by the investment community and the more traditional label system.”

Duetti’s model unlocked immediate cash flow for a wide range of artists, allowing them to sell master catalogs, individual tracks, or parts thereof—an opportunity previously only accessible to A-list artists.

The new funding will support accelerated growth of Duetti’s catalog acquisitions, development of proprietary advanced prediction and analytics technology, and expansion of unique catalog marketing capabilities. Duetti recently opened offices in New York, Los Angeles, and Miami to support its growing team.“We are excited to partner with the Duetti team on their creative efforts to provide liquidity to independent artists,” adds Jeremy Solomon, Partner at Nyca. “The company’s data-forward approach combined with its partner-centric model puts Duetti in a position to become a critical and scaled player in the music investment space.”

Duetti has emerged as an essential business partner and trusted ally for over 250 artists across all genres and career stages. Some of those artist partners include Olivia O’Brien, Sevyn Streeter, and Łaszewo. Duetti offers artists a wide range of financial options, with deals typically starting at $10,000 and reaching up to $2 million per transaction. Luminate estimates a 17% increase for independent music streaming in 2023 compared to the previous year.

Artists with tracks that have been on streaming platforms for at least two years and have garnered at least 500,000 streams in the last 12 months. Duetti was founded by Lior Tibon, former COO of Tidal and Christopher Nolte, former Business Development exec at Apple Music.