Melodie Secures New Funding at $15m Valuation
Summary
Melodie is achieving significant growth by expanding its music API licensing revenue base, bringing in new composers and music tracks, and placing its catalogue in more film & TV productions.The new and oversubscribed round of A$1 million includes follow-on investments from early Atlassian employee and Code Barrel founder Nick Menere, and the co-owner of The Drop Festival, Peter Strain.Melodies tech-enabled music licensing solutions now cover the creator economy, film & TV sync, and more recently UGC-centric creative technology platforms with users as seen in Breakout Clips, Creatopy and Pictory all integrating directly via the Melodie API, which now receives more than 2 million search and download calls each day.Having recently launched a US sync division under the leadership of LA-based industry veteran Gary Helsinger, Melodie continues to gain traction globally with placements in TV shows like Armed & Dangerous, Real Housewives, Matt Wrights Wild Territory, Bondi Rescue, Lift the Ice, EVOLVE, Ninja Warrior and Outback Car Hunters. Im confident we have a strong growth trajectory with offshore revenues set to exponentially increase in the coming months and years as we expand into new territories. As we mark our fifth year of operation, we are now at the stage of building a global presence and we are committed to playing a significant role in the development and commercialisation of new talent. "As an Australian born library, Melodie is also proud to represent music from a diverse local roster of artists including ARIA award winning composers such as Helena Czajka (Bluey) and Brendan Gallagher (Messenger, Karma County) as well as First Nations talent such as Yuin Nation hip hop artist, Nooky, and acclaimed singer/songwriter, musician and recording engineer, James Henry.With client requests driving demand, and acknowledging the need for investment in the development of Australian First Nations music, this year and every year moving forward, Melodie has committed to investing a minimum of $25,000 in the development of new and upcoming Aboriginal and Torres Strait Islander artists for sync opportunities via the Melodie platform. Powered by AI search tools, and with an award-winning roster of artists, Melodie makes it fast, affordable and incredibly easy to find and license great music for any type of content.www.melod.ie