Duetti, a new music financing startup founded by an Israeli, has raised $32 million in funding from Viola Ventures and Viola Credit, Roc Nation, Untitled and Presight Capital, Duetti is uniquely positioned to disrupt the music financing market.
Founded in 2022 by Lior Tibon, former COO of TIDAL, and Christopher Nolte, former Business Development executive at Apple Music, Duetti says the company’s mission is to get a wide range of artists quick and easy access to catalog sales and unlocking new investment opportunities.
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Duetti says that it’s highly scalable data-centered approach generates exceptional long-term financial returns for the company and its partner artists by deploying a range of innovative management and optimization tactics.
Since starting its initial operations, Duetti has quickly become an essential business tool for over 60 independent artists including CVBZ, Sylvan LaCue, and Croosh, partnering on deals across over 100 tracks. To date, Duetti has facilitated music rights acquisitions that saw artists receive up to $400,000 per deal. With the funding, Duetti aims to scale the business to match the growing demand by expanding the team, partnering with new artists, and implementing new financial optimization opportunities for acquired tracks and catalogs.
“In recent years, the trend of legacy A-list musicians selling their entire catalogs has left independent artists out of the equation. Now, artists at all stages of their careers can easily capture the potential of their tracks and catalogs to help them reach the next step of their journey,” says Lior Tibon, CEO of Duetti. “We are arming artists with the information they need to choose when, and how, to leverage their assets from a position of strength.”
On average, Duetti’s deals take roughly 30 days to complete, and artists with tracks that have been on streaming platforms for at least 2 years, and have garnered at least 500,000 streams in the last 12 months.
