AUSTIN, TX, Royal, a music royalty platform, has closed a $55M Series A round led by Andreessen Horowitz.
Royal, a platform that allows anyone to purchase the right to earn royalties from their favorite songs, Royal has closed a $55M Series A round led by Andreessen Horowitz with additional investment from CAA and NEA's Connect Ventures, Crush Music, Coinbase Ventures, Founders Fund and Paradigm to build the future of music ownership on-chain.
This Series A follows their seed round of $16M, announced in August. The firm announced that they have welcomed a star-studded roster of global artists to their investor list including The Chainsmokers, Nas, Logic, Stefflon Don, Kygo, and Joyner Lucas & Disclosure.
Royal is building a music platform that makes it easy to invest in artists and earn royalties alongside them. With Royal, anyone can own a piece of their favorite music.
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