Soundrop
Financials
Estimates*
EUR | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
---|---|---|---|---|---|---|---|
Revenues | <1m | <1m | <1m | <1m | - | - | - |
% growth | 1250 % | (90 %) | (35 %) | (72 %) | - | - | - |
EBITDA | (<1m) | - | - | - | - | - | - |
% EBITDA margin | (125 %) | - | - | - | - | - | - |
Profit | (<1m) | (<1m) | (<1m) | (<1m) | (<1m) | (<1m) | (<1m) |
% profit margin | (1 %) | (19 %) | (1084 %) | (5321 %) | - | - | - |
Source: Dealroom estimates
Date | Investors | Amount | Round |
---|---|---|---|
$3.0m | Series A | ||
$3.4m | Series B | ||
* | €750k Valuation: €750k 90.9x EV/LTM Revenues 2.4x EV/LTM EBITDA | Acquisition | |
N/A | Acquisition | ||
Total Funding | €5.8m |
Related Content
Recent News about Soundrop
EditSoundrop.fm is a music distribution and licensing platform that caters to independent artists, cover song creators, and video game music composers. Operating in the digital music market, Soundrop offers a unique business model with no upfront or annual fees for distributing original music. Instead, it charges a one-time fee of $9.99 per song for lifetime cover song licenses. This allows artists to release as much music as they want without worrying about recurring costs. The platform ensures that robust song and rights information is delivered to streaming services, so artists get paid accurately. Soundrop also manages mechanical royalty payments and allows for revenue splitting among multiple collaborators on a monthly, quarterly, or annual basis. The company makes money through the one-time licensing fees and a 15% cut of the net digital revenue from distributed music.
Keywords: music distribution, cover song licensing, video game music, no upfront fees, lifetime licenses, mechanical royalties, revenue splitting, digital platforms, independent artists, music metadata.