Digital rights administration company Revelator has raised $2.5 million in a Series A funding round led by multi-strategy investment firm Exigent Capital.
Additional participants in the round include Digital Currency Group, and Israel early-stage fund Reinvent.
The funding brings Revelator’s total amount of cash raised so far to $5.5m.
Money will be used to expand current offerings and introduce new features that aim to attract market verticals, multi-channel networks and broadcasters.
Founded in 2013, Revelator’s data analytics platform sources the use of digital assets to enable real-time transactions and micro-payments, ensuring the identification and distribution of payments to artists and rights holders.
“Exigent is always looking to invest in disruptive technologies that are backed by remarkable entrepreneurs and visionaries – Revelator fits that profile.”
eliezer brender, exigent
The company’s SaaS platform utilises blockchain technology to allow rights owners the ability to license, distribute, track and manage content across multiple platforms.
Additionally, a data intelligence platform provides artists and rights holders with reports of how, where and when their music is being consumed.
For Exigent Capital, it’s another targeted investment into leveraging big-data analytics after funding medical technology company MedyMatch.
“We’re giving the music and media industry the system it needs to drive revenues, fairness and, ultimately, the art we love.”
bruno guez, revelator
“Exigent is always looking to invest in disruptive technologies that are backed by remarkable entrepreneurs and visionaries – Revelator fits that profile,” said Eliezer Brender, Chief Investment Officer at Exigent.
“We plan to work closely with the fantastic team at Revelator, utilising our expertise in payment systems and structured credit to find new and exciting ways to increase revenue and support Revelator in its mission to bring radical transparency to an opaque, unfair and outdated system.”
Discussing the inspiration behind his company, Bruno Guez, CEO and Founder of Revelator, said: “An integrated and cloud-based platform such as Revelator is able to provide attribution, reporting and business intelligence from one dashboard, enabling distributors, record companies, publishers, managers, artists and songwriters access to their sales and marketing data wherever they are.
“We’re giving the music and media industry the system it needs to drive revenues, fairness and, ultimately, the art we love.”
Music Business Worldwide
