LAS VEGAS, Dec. 20, 2016 /PRNewswire/ -- TuneGO Inc., a multi-platform music discovery network that connects independent artists with the music industry, announced today that it has closed its Series A financing, totaling more than $3.6 million. Falcon Capital, a strategic advisor on the transaction, was instrumental in the closing of the Series A.
"Our investors understand the real value that TuneGO provides to the independent artist and to the music industry," said John Kohl, co-founder and CEO, TuneGO. "And this funding will be used to rapidly expand the TuneGO user base, advance the technology platform that adds value to our target markets, and increase our overall infrastructure and reach within the music industry."
TuneGO cuts through traditional barriers of entry into the music industry by enabling artists to find and connect with fans; secure licensing deals, distribution and media exposure; and get their music in front of well-known producers and music labels. As the company has grown, more and more music executives and legendary producers are joining the team including:
- CTO Stacy Haitsuka (Founder of NetZero) and Ron Dante ($650 million in global music sales) on the management side
- Mark Goldston (Former President and CEO United Online, L.A. Gear and Faberge) and Chris Murray, who founded ABT Corp., on the Board of Directors
- Ron Dante, Desmond Child, Peter Asher, and John "Jellybean" Benitez, are among the award-winning, platinum selling music producers who collectively have sold over $5 billion in global music sales
In addition to the in-house talent, TuneGO has secured distribution and licensing deals with Spotify, APM Music, and other partners. The company is also a music pioneer with its proprietary, forward-thinking technology that creates a unique TuneGO Score for individual artists and bands (similar to a FICO Score) and has established relationships with multiple major and independent music labels who are actively seeking new talent.
"The TuneGO platform holds a unique space within the music world, providing opportunities for new artists while fostering that intimate artist-to-fan relationship," said Kohl. "This successful funding round now has the company poised in 2017 to achieve additional growth as an invaluable source for the industry's new talent."
TuneGO is a multi-platform music discovery network that connects independent artists with legendary music producers, industry professionals, music labels and entertainment companies as well as consumers worldwide. Its interactive online community helps independent musicians and singers build their international fan base and grow as artists through personalized career development tools, community and industry feedback, and analytics of their music listening trends. For more information visit www.TuneGO.com or contact TuneGO at info@TuneGO.com.
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SOURCE TuneGO Inc.