Symphonic Distribution raises $37m, having generated $12m in net revenue in 2021
Summary
Robert Faber, Partner, Ballast Point Ventures, said: “Watching Jorge and Taylor scale a homegrown Tampa technology company in the fast-growing music industry has been very impressive. In addition to its Florida HQ, the firm has an international presence in Africa, Brazil, Colombia, Dominican Republic, Mexico, Spain and more. “We’ve been impressed for a long time with what Jorge and the team are building at Symphonic, everything from their patented technology to their incessant focus on putting the independent artist first. “We look forward to working closely with Jorge and Ballast Point Ventures to broaden its offering and help Symphonic reach even higher levels of growth.” To date, Symphonic has worked with clients such as Surf Mesa, Stick Figure, CloZee, Laura Marano, Rachel Bradshaw, El Alfa, Juan Luis Guerra, Pi’erre Bourne, DJ Nu-Mark, Doechii, Nick Murphy aka Chet Faker, and La Ross Maria among many others across a wide variety of genres worldwide. “The partnership with NewSpring, along with our existing investor, Ballast Point Ventures, will help position Symphonic as a strong market leader in independent music technology, services and distribution.