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beatBread
05 Aug, 2025, 09:00 ET

The independent music sector continues to see evolving financing options. Music funding platform beatBread has secured $124 million in new credit and equity capital to scale its operations and deepen its support for creators across the globe.

This fresh round of funding, announced on August 5, 2025, will allow beatBread to grow its sales, marketing, and product teams while expanding the reach and impact of its tech-driven funding model. The investment will also enhance the company's ability to support a broader range of artists and independent music businesses through more customizable and competitive financial offers.

The round includes equity investments from Citi (via its SPRINT team), Deciens Capital, Mucker Capital, Advantage Capital, and other strategic investors. Credit funding to support artist and label deals was provided by GMO and additional new and existing partners.

According to Peter Sinclair, CEO of beatBread, the company is committed to creating a financial foundation for independent artists. “We believe in a future where artists and independent labels have the power and freedom to shape their own success, compare multiple funding options from multiple funding sources, and make the choice that's right for them, whether it's funding from beatBread, a partner or even a competitor.”

Since launching in 2020, beatBread has deployed funding ranging from $1,000 to over $10 million to artists and labels on six continents. The platform supports funding against both existing catalogs and new, unreleased music.

Artists using beatBread can:

  • Retain ownership of their masters

  • Customize deal terms, including recoupment rate and term length

  • Choose their own distribution and marketing partners

  • Compare offers from multiple funders using the Deal Comparison Tool™

Whether clients want to raise capital while staying independent or consider catalog sales, beatBread’s open and transparent model gives them the power to choose what works best for their goals.

Citi's involvement also reflects growing confidence in music royalties as a legitimate and scalable asset class. Lee Smallwood, Head of Markets Innovation and Investments at Citi, said, “This investment marks a meaningful step in our exposure to music royalties as a reemerging asset class.”

Paul Steele, Executive Partner at Triple 8 Management and a beatBread investor, added, “They give artists, managers, and labels greater clarity, control, and fair terms. That's important in a business where so many people are trying to be anything other than transparent.”

As the music industry continues to evolve, many independent creators are looking for alternatives to traditional label deals. beatBread's latest funding round shows a growing appetite for transparent, artist-friendly financing solutions to put creative control back in the hands of artists.

To learn more or explore funding options, visit www.beatbread.com.

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