Photo Credit: Carl Timpone (pictured: Dan Demole, Anthony Martini, Jesse Korwin, David Carson)Slip.stream has raised $7.5 million in Series A funding from investors including Sony Music Entertainment, Third Prime and Lightshed Ventures. The new capital fuels the advancement of Slip.stream as the go-to platform for creatives who need music for their content.
Slip.stream, the creator-safe library of music and sound effects that content creators can use in their videos and streams, has seen impressive growth in its first year. The platform has attracted over 100,000 developers with a total audience of more than 500 million viewers, with live streaming and gaming communities accounting for a significant share. The recent capital injection, combined with last year’s seed funding of $3.25 million, brings total funding to $10.75 million.
The new funding will help expand the platform and its team, add new partnerships and further expand the catalog of artist-centric music. Sony Music will work with Slip.stream to explore “new premium music opportunities” for Sony Music artists within the platform.
“We have long believed that the music industry is willing to explore innovative models that address the need of creators and streamers to include quality music in their content,” said Dan Demole, co-CEO of Slip.stream. “This financing round together with our new partners confirms this belief. It’s a win and a step in the right direction for creators and musicians around the world.”
In addition to the funding, Slip.stream announced the addition of Gameover Talent’s Anthony Pisano and Faze Clan’s Faze Blaze to the company’s Advisory Board. Blaze and Pisano join an already impressive list of industry insiders on Slip.stream’s board of directors. One consultant, T-Pain, released his royalty-free beat collection, Pizzle Pack: Volume 3, on both Slip.stream and the Twitch Creator Library through a listening party in partnership with Twitch, where he has over 800,000 followers.
Slip.stream Co-CEO David Carson says, “Artists, labels and brands are opening up to compelling new models that harness the power of the Creator Universe, and we’ve been fortunate to work with pioneers in this space so far, like T-Pain and Riot (games). This funding will allow us to explore new partnerships and add more exclusive music content to deliver a great experience for our users.”
“We position ourselves at the intersection of music, gaming and the streaming creator communities that are at the forefront of culture,” added Slip.stream CMO Jesse Korwin. “A big part of our mission is to make quality music available to these creators so they can confidently integrate into their content while also supporting the work of the artists.”
