BandLab, a Singapore-based social music creation platform, raised US$53m in funding.
The spherical, which leads to a post-money valuation of US$303m, was led by Vulcan Capital with participation from K3 Ventures.
The corporate intends to make use of the funds to increase its group and its platform to stimulate the creator financial system and attain music creators worldwide.
Led by CEO & Co-Founder Meng Ru Kuok, BandLab is a free, cross-platform music creator ecosystem that helps anybody, anyplace, on any machine. The platform helps creators of every kind of sophistication ranges, from first-time creators to producers, a lot as office productiveness instruments assist companies massive and small. Its cross-platform inventive ecosystem gives customers all the pieces from their Combine Editor to a complete royalty-free Sounds library, in addition to Mastering, newly introduced AI-powered SongStarter and extra. Past creation instruments, artist providers like Distribution and direct fan subscriptions empower the creator financial system, and the upcoming integration of lately acquired main unbiased artist providers platform ReverbNation into BandLab will additional increase the suite of providers accessible to unbiased artists.
BandLab is the flagship product of BandLab Applied sciences, which additionally consists of professional-level digital audio workstation, Cakewalk.