Canada-born music financing company Xposure Music has secured USD $42.5 million in new debt and equity funding.
The round includes debt financing from Andalusian Credit Partners and equity participation from “select family offices and private investors”.
This latest round brings Xposure Music’s total funding to over USD $50 million.
Founded in Montreal in 2021, Xposure Music is described as a “technology-driven financing and investment platform for independent music rights”.
Xposure Music says on its website that it has deployed funding to nearly 100 artists in the past 18 months, and that with this new infusion of capital, the company plans to “scale its efforts, funding additional artists and acquiring catalogs at a larger volume”.
The company, which says that it is powered by “proprietary valuation models and machine-learning underwriting,” reports having deployed “over eight figures into catalogs” across various genres.
The funding announcement comes on the heels of Xposure Music’s partnership with independent music distro platform Too Lost. Under the agreement, Too Lost will distribute and co-fund catalog acquisitions sourced and underwritten by Xposure.
According to last month’s announcement, Xposure plans to deploy “tens of millions of dollars in upcoming catalog acquisitions”.
Xposure Music said it will handle deal sourcing and financial underwriting using its underwriting and valuation technology that analyzes recorded music and publishing rights to identify and execute music investments. Once deals close, Too Lost will handle global distribution, rights administration and royalty processing.
Xposure Music said in a press release on its website on Monday (December 1) that as the music industry “grows increasingly competitive, access to financing has become a major hurdle for independent artists”.
The company claims to be “address[ing] this gap through [its] proprietary underwriting and valuation platform, allowing artists to efficiently access financing on their catalog, gain exposure to innovative marketing programs, and connect directly with the company’s network of A&Rs, managers, and producers”.
“We’re thrilled to work with Andalusian as partners in our mission to become one of the world’s leading independent catalog buyers.”
Ryan Garber, Xposure Music
“We’re thrilled to work with Andalusian as partners in our mission to become one of the world’s leading independent catalog buyers,” said Ryan Garber, co-founder and co-CEO of Xposure Music.
“Our goal is to continue to serve as the gateway for emerging artists to access meaningful funding and take their careers to the next level, and this investment gives us the resources to make that possible.”
“Independent artists should have access to the same level of financing and deal structures that were once limited to major stars.”
Gregory Walfish, Xposure Music
Gregory Walfish, co-founder and co-CEO of Xposure Music added: “Independent artists should have access to the same level of financing and deal structures that were once limited to major stars.
“With this new capital and our underwriting technology, we are doubling down on our mission to be long-term partners for the next generation of independent artists.”Music Business Worldwide
