Soundstripe Scores Another $2 Million In Funding — Just Months After Raising $4 Million

Soundstripe, the Nashville-based company that specializes in royalty-free music for video productions, has just received an additional $2 million in financing from Craft Ventures. The firm is run by David Sachs and Bill Lee and operates under the philosophy of “Founders Backing Founders.” Sachs, one of the co-founders of Yammer and the original COO of Paypal, brings a wealth of expertise to the table, while Lee is a well-known investor in the Bay Area.

Soundstripe was founded in 2016 with an initial investment of $500,000. The company employs a subscription model to license its music and has licensed music to more than 2 million productions in over 130 countries, including YouTube videos, advertisements, films, games, and other formats.

The company’s success can be attributed to its focus on empowering content creators and simplifying the production process. By offering high-quality, royalty-free music at an affordable price, Soundstripe has made it easier for content creators to obtain the music they need for their productions.

With millions in financing, Soundstripe is now well-positioned to expand its subscriber base and pursue potential acquisition targets. Co-founders and co-CEOs Travis Terrell and Micah Sannan have expressed a desire to help content creators produce quality content as easily as possible, and the additional funds will help the company achieve this goal.

However, Soundstripe is not the only company chasing this business model, and low-cost music licensing introduces tricky issues related to margins and monetization. Despite this, the continued influx of players in this space suggests that synchronization licensing is continuing to grow, with investors obviously placing bets on the potential of the market.

Soundstripe’s success in the industry can be attributed to its subscription-based model, which has helped it build a loyal customer base. By offering high-quality, royalty-free music at an affordable price, Soundstripe has made it easier for content creators to obtain the music they need for their productions.

The company’s success has not gone unnoticed, and with the additional funding from Craft Ventures, Soundstripe is poised to make even bigger waves in the industry. The company’s focus on empowering content creators and simplifying the production process has struck a chord with many in the industry, and it is likely that we will see more innovations from Soundstripe in the future.

Soundstripe’s latest round of financing is a testament to the company’s success in the industry and its potential for future growth. With millions in funding, Soundstripe is now in a position to pursue new opportunities and continue to innovate in the world of royalty-free music for video productions. As the industry continues to grow, Soundstripe will undoubtedly play a major role in shaping its future.

One of the key benefits of using Soundstripe is that it offers a wide range of music genres, from ambient and classical to rock and pop. This means that content creators can find the perfect soundtrack for their productions, regardless of the genre they are working with. The company’s music library is constantly growing, with new songs being added every week.

In addition to its vast music library, Soundstripe also offers a range of other tools and resources to help content creators produce high-quality videos. For example, the company offers a range of video tutorials and guides on its website, covering everything from editing techniques to lighting tips.

Another key benefit of using Soundstripe is its affordability. The company’s subscription plans start at just $11.25 per month, making it accessible to even the smallest of content creators. This has helped Soundstripe build a loyal customer base, with many content creators relying on the company’s music library to enhance their productions.

Overall, Soundstripe’s latest round of financing is a positive sign for the company and the industry as a whole. With millions in funding, Soundstripe is now well-positioned to continue its growth and expand its offerings to content creators around the world. As the industry continues to evolve, Soundstripe will undoubtedly play a key role in shaping its future.