Snafu

Snafu launches AI-powered ‘Snafu Song Fund’ financing for indie artists backed by $7m round led by Pophouse Entertainment

New funding round also saw participation from music manager Marc Jordan through his investment fund Blue Amber Investments

ABBA’s Agnetha Fältskog joins $6m funding round for AI-powered record label Snafu Records

The company also unveiled two new platform tools

‘AI-enabled’ indie label Snafu Records adds ex-UMG Nordics CEO Per Sundin and songwriter/producer Savan Kotecha to list of sharholders

Los-Angeles-based label launched with $2.9m in seed funding earlier this year

Snafu Records, which recently launched with $2.9m backing, hires Adrian Karvinen as Director Of North America

Exec previously worked with Three Six Zero and also formed his own boutique firm Fire Club INC