Read the 21-page pitch deck a music startup used to raise $1.6 million to make distribution affordable for independent artists
The Brazil-based startup, led by founders Vítor Cunha and Fabrício Schiavo, raised $1.6 million in seed funding.Music startup Magroove wants to give independent artists around the world better access to major streaming services.
The company has worked with international musicians since it launched in 2019, according to Cunha."The majority of our clients weren't from Brazil or from our region," he said.Magroove, led by Cunha and his cofounder Fabrício Schiavo, recently raised $1.6 million funding in a seed round from Brazilian venture-capital firm DOMO Invest.
The slide suggests that's most people in the music industry, with a chart showing 100,000 out of 20 million musicians make a living from music.Magroove
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