Music Industry Funding Surges in November Despite Major YTD Decline — 2025 Rebound Possible
Core music industry funding saw notable growth in November 2024, marking a 27% year-over-year increase despite significant year-to-date declines. Five funding rounds totaled $46.60 million, compared to $36.80 million in November 2023 (excluding a $50 million AI raise).
Key November 2024 Investments:
- Trolley: $23 million Series B
- PlayAI: $21 million seed round
- Conduction: $250,000 pre-seed capital
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Year-to-Date Analysis (January-November 2024):
- Total disclosed capital: $3.21 billion
- 68% decrease from 2023's $10.08 billion
- 35% decline in core music industry funding
- Notable concentration of funding:
- Concord's $850 million ABS
- Iconic Artists Group's $1 billion
- Create Music Group's $165 million
- TickPick's $250 million
These four investments alone represented over 58% of total industry funding in 2024.
Looking Ahead to 2025:
- Ticketing sector likely to slow down after 2024's significant investments
- Catalog investors appear well-funded
- Recent months' growth could signal a potential rebound
The average round size remained stable year-over-year at approximately $9.3 million, suggesting consistency in individual investment scale despite overall market fluctuations.
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