Tracklib secured $4.5 million from investors including Eelko van Kooten and Sony Innovation Fund.
Tracklib, a Stockholm, Sweden-based sampling service provider, announced raising $4.5 million in capital investment.
The funding was backed by new and existing investors, including Sony Innovation Fund and Eelko van Kooten (Spinnin’ Records co-founder and CEO). The proceeds will be used to increase the company's music catalog and user base.
Tracklib, founded in 2013 by Pär Almqvist (CEO), Eric Amarillo, Johan Wiström, Pia Philipsson and Anil Raj, is selling a subscription access to a digital marketplace which includes a library of 100,000 tracks available for music creators. The music catalog ranges from 1928 to 2020 and consists of everything from Mozart to Isaac Hayes, and including contributions from artists such as Lil Wayne, DJ Khaled, Phantogram, Mary J. Blige and J. Cole, whose 5x Platinum single Middle Child was built around a sample from Tracklib.
Prior to this round, Tracklib raised more than $4M.