Soundstripe, a leading provider of high-quality, royalty-free music, video, and sound effects for creators, has received $9 million in Series B financing led by Topmark Partners with participation from Overline Ventures, Escalate Partners, and Craft Ventures.
Previous Series A investors Vocap Partners also joined the new round. The additional funding will fuel Soundstripe’s continued growth serving creators, filmmakers and brands with access to nearly 200,000 hassle-free “use anywhere” digital content assets for use in their videos, ads and other creative projects.
Soundstripe will use the funding to invest in new B2B products and services to boost its rapidly expanding Enterprise business, as well as new tools to serve Soundstripe’s core business, which has amassed tens of thousands of customers worldwide. Soundstripe will also use the funds to continue investment in its publishing business, which leverages the company’s ownership of 8,000+ songs, which has led to hundreds of millions of impressions across numerous distribution outlets. This will allow the company to continue building on its recent milestone of more than 13 million total song, sound effect and stock video downloads since its launch in 2016.
“The explosive growth of the creator economy has catapulted Soundstripe forward, with our mission to ‘Keep Creators Creating’ resonating strongly with those who need fast, hassle-free music, sound effects, and video clips for their projects,” said Travis Terrell, Co-Founder and Co-CEO of Soundstripe. “We will now use this Series B financing to invest heavily in our enterprise business, which has already proven to be a huge area of growth for our company while remaining ripe with opportunity.”
“The team at Soundstripe has built an impressive business that is highly differentiated in the royalty-free content industry, and we are truly honored to partner with them,” said Travis Milks, Managing Partner at Topmark Partners. “The combination of the company’s content catalog, distribution platform and quickly expanding sales and marketing capabilities creates a strong platform for continued rapid growth in a very dynamic industry.”
For more information on Soundstripe, visit soundstripe.com.