Melodie Raises $1M to Expand Music Licensing Startup

Melodie Raises $1M in Bridge Funding

Key Highlights:

• Funding: Melodie, a music licensing startup based in Sydney, Australia, raised $1M in bridge funding.
• Total Funding: With this funding, Melodie's total funding reaches just under $3M.
• Investors: Investors include Nick Menere, an early Atlassian employee and Code Barrel founder, and Peter Strain, co-owner of The Drop Festival.
• Expansion and Development: The funding will be used to expand operations and development efforts.

Melodie's Target Market

• Content Creators: Filmmakers, video producers, podcasters, and other creators in need of high-quality music for their projects.
• Media Production Companies: Companies specializing in media production, advertising, and content creation.
• Online Platforms and Streaming Services: Platforms and services that require a diverse and curated catalogue of music for their users.

What Melodie Needs to Buy

• Music Licensing Rights: Partnerships with artists, musicians, and music labels to expand their catalogue of original music.
• AI and Search Technology: Investment in AI-powered search tools and technology to enhance their online search platform.
• Marketing and Sales Support: Services to help reach and acquire new customers, including content creators and media production companies.