Dubset Announces $4 Million Funding Round
Dubset is going after the lofty endeavor of getting performers to pay royalties to tracks that are sampled in their mixes. But with 4 million dollars of funding in their first round, Dubset looks like it's well on it's way to achieving it.This article originally appeared on Billboard
Dubset Media is getting an injection of funds as it attempts to solve one of dance music's most frustrating issues. The company, led by CEO Stephen White, announced this morning (Feb. 27) it had completed a $4 million round of Series A funding led by Boston-based equity firm Cue Ball Capital.
In 2015, Dubset -- a dance-centric digital distributor based in New York City -- introduced a new technology called MixBANK, which identifies individual tracks within DJ mixes, allowing copyright owners to get paid when their work is sampled or remixed within a DJ mix. Last March, the company partnered with Apple Music to stream mixes on the platform that had previously been unlicensed and thus illegal, and added partnerships with the NMPA and Sony/ATV last August (mixes are now available on most major streaming platforms).