RootMusic closed a $16 million Series B round of funding to expand its BandPage platform for musicians on Facebook, an influx that puts the company in a good place to maximize the opportunity if Facebook Music materializes as expected. The round was led by GGV Capital with new investor Northgate Capital and existing investor Mohr Davidow Ventures.
BandPage reports having attracted more than 30 million monthly active users in less than 18 months of operations. Among the 250,000 artists who use BandPage are Rihanna, Katy Perry, Arcade Fire, Bon Iver, and Kanye West. AppData puts it as the top music app on Facebook and the sixth largest app of any kind.
“Every person at RootMusic is dedicated to the artist, fan and innovative technology,” said founder and CEO J Sider. “We work every day to continually improve the BandPage platform. We speak directly to artists, labels, and management companies and are always open for their feedback — this product is for them and we’re just getting started.”
GGV Partner Hany Nada will join the Board of Directors that also includes Bill Ericson from Mohr Davidow, Larry Marcus and Robert Kavner.
RootMusic announced its Series A funding of $2.3 million from Mohr Davidow Ventures in January, along with an angel investment from Larry Marcus, an early investor in Pandora and SoundHound with Walden Venture Capital.
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