Music-related financing collapsed during the second-half of 2011, though maybe that was just a temporary tank. Because in the first month of 2012, music-focused companies grabbed an impressive $65.55 million in financing, a jump of more than 26.5 percent over January funding levels last year.
Soundcloud made it rain to the tune of $50 million, though Next Big Sound and Moontoast collectively contributed more than $12 million to the music funding purse. Here’s our funding tracker.
Actually, Soundcloud also helped to kick off 2011 with a nice, $10 million round, though a lot has grown since then. Here’s the rundown from January, 2011.