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Message: [QUOTE="Queen, post: 86492, member: 27"] An $80 million capital raise just landed at a Memphis tech firm that's pitching AI tools and financing to independent artists who want to skip major labels. Connect Music secured funding from Rockmont Partners and Variant Investments [LIST] [*]The company closed the deal on February 5, according to a press release. [*]Rockmont Partners and Variant Investments are backing the Memphis-based firm. [*]The cash will fund catalog acquisitions and licensing operation expansion. [*]Proprietary AI models help artists monetize and protect their intellectual property. [/LIST] George Monger founded the company in 2020 after nonprofit work [LIST] [*]Monger launched Connect Music four years after running the Memphis Symphony Orchestra. [*]He managed an international touring opera singer early in his career. [*]The CEO ran a nonprofit music organization for four years before that. [*]His leadership pairs operational discipline with a deep commitment to creators. [/LIST] Connect Music's roster includes Grammy-nominated producers and multiple artists [LIST] [*]Mike & Keys are a Grammy-nominated producer duo on the roster. [*]Artists signed include Sauce Walka, Don Trip, Boosie Badazz, and BIG30. [*]The company launched a $10 million fund for independent artists in 2022. [*]Connect acquired London-based MTX Music that same year for artist services. [/LIST] Independent artists are chasing alternatives to major label financing deals [LIST] [*]Pipeline raised over $200 million in January from Jamen Capital backing. [*]beatBread has deployed over $100 million across 1,700 funding agreements since 2020. [*]Duetti secured $200 million in fresh financing last month from Raine Partners. [*]The Raine Group led a $50 million Series C equity investment. [/LIST] [/QUOTE]

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