Let September begin! According to our latest tallies, investors delivered a plump $24.3 million to music startups in August. That represents a major jump over July totals of $14.5 million, itself considered quite healthy.
Overall, year-to-date funding now stands at a bullish $437.3 million, a figure that looks poised to cross the half-billion-mark in the coming months.
Clearly, there's a lot of money in play, bubble be damned. The August purse included an impressive, $16 million second round for RootMusic (just announced), and an $8 million injection for networked stereo and media hardware manufacturer Roku (which is probably stretching the 'startup' definition a bit).
And, this is what the full-year calculation looks like (drop a comment if you want to play around with the source xls.)
Comments Closed
RAholt Thursday, September 01, 2011
Would love to graph out the data.
Where can I get the .xls?
Thanks -- Bob
RAHolt at Yahoo dot com
JMiles Thursday, September 01, 2011
VC's never invest in music-Why should they invest in what makes the engine go-They just want some formula for how they can make money fast. I am personally tired of hearing about all these companies investing in start ups that will be gone within a year or two. They pay no attention to the music or the quality of the music and the artists who are creating it
anon Thursday, September 01, 2011
I would hardly call the Roku a music startup.
Maxwellian Thursday, September 01, 2011
you're missing the biggest part! Investors don't hate music start-ups, they hate music start-ups that involve licensing. big difference.
::MW
d4512 Thursday, September 01, 2011
I was overhearing Vince Bannon talking about this one time in Toronto, he was right. VC's just got burned one too many times at the major label altar.
@bammtv Thursday, September 01, 2011
BAMM.TV
Exciting times for music tech...
@proyanecdotario Thursday, September 01, 2011
blopas
Investors! Here I Am! / How about a joint venture? 50-50
@HeavenlyBodiesR Thursday, September 01, 2011
How can I get a part of this?
@gabacustweets Saturday, September 03, 2011
gabacus
The traditional music business is dying, but VCs are betting on its future in tech.
Jeff Tuesday, September 06, 2011
Hi Paul, I'd like to check out the xls as well.
Can you send to jeff.bronikowski@gmail.com?
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