Los Angeles - Aug 05, 2025 (UTC) - beatBread, a Los Angeles-based music funding platform founded in 2020, announced, that it has secured $124 million in credit and equity capital. Led by Citi’s Spread Products Investment in Technologies (SPRINT) team, with participation from Deciens Capital, Mucker Capital, Advantage Capital, Triple 8 Management, and GMO, the round brings total funding to over $258 million, following a $34 million seed in 2022 and a $100 million institutional fund in 2022. The capital will enhance sales, marketing, and product operations while scaling flexible funding for artists, songwriters, and independent labels. With over 1,500 advances paid across six continents, beatBread’s AI-driven platform is redefining the $30 billion music financing market by prioritizing artist ownership and choice.
The $124 million round combines credit from GMO and equity from Citi, Deciens Capital, Mucker Capital, and others, building on beatBread’s rapid growth. The funds will support:
- Sales and Marketing Expansion: Scaling global outreach to artists and labels.
- Product Innovation: Enhancing the ChordCashAI engine and Deal Comparison Tool for better forecasting and usability.
- Funding Capacity: Increasing advance sizes, now up to $10 million, and availability for clients.
- Partnership Growth: Deepening ties with distributors like UnitedMasters and The Orchard.
| Funding Round | Amount | Year | Lead Investors | Supporting Investors |
|---|---|---|---|---|
| Seed | $34M | 2022 | Deciens Capital | Afore Capital, Angel Ventures, others |
| Institutional Fund | $100M | 2022 | Variant Investments | – |
| Credit & Equity | $124M | 2025 | Citi (SPRINT) | Deciens Capital, Mucker Capital, Advantage Capital, GMO, Triple 8 Management |
| Total Raised | $258M+ | – | – | – |
Peter Sinclair, CEO, stated, “We’re building a financial foundation for true artist and label independence, helping creators stay independent on their own terms by comparing multiple funding options.”
beatBread’s Technology
beatBread’s platform, powered by ChordCashAI, analyzes streaming and social data to offer advances from $1,000 to over $10 million. Key features include:
- Customizable Advances: Artists set repayment periods and recoupment rates, repaid via streaming and airplay revenues.
- Ownership Retention: Leaves touring, publishing, sync, and merchandise revenues untouched.
- Deal Comparison Tool: Launched in 2025, allows artists to compare offers, with 60% of beta testers choosing better deals.
- Fractional Investing: The sliceNote platform enables investors to fund shares of advances from $1,000 to $1 million.
Partnerships with over 30 distributors, including Symphonic and Too Lost, and a seven-figure deal with Elley Duhé in 2022 highlight its traction. The platform supports existing catalogs and unreleased music, delivering funds within days.
Leadership and Expertise
Founded by Peter Sinclair, John Haller, and Matthew Tilley, beatBread’s team blends music, finance, and AI expertise. Sinclair drives the vision of artist empowerment, Haller leads ChordCashAI development, and Tilley fosters industry partnerships. The 2023 hire of Spencer LeBoff as General Manager of Publishing expanded songwriter advances to $3 million. The team’s data-driven approach ensures scalable, accurate funding solutions.
Industry Impact and Challenges
The $30 billion music financing market is shifting toward artist-centric models, as traditional label deals often demand master ownership. beatBread’s platform empowers independence, with over 1,500 advances paid to clients like Too Lost Records and M.A.D. Solutions. Its Deal Comparison Tool addresses opaque industry practices, promoting informed decisions.
Challenges include competition from Corite and SoundCloud’s funding programs and managing investor return expectations in a volatile market. beatBread mitigates these through its Funding Network, sliceNote platform, and transparent tools, ensuring artist trust and scalability.
Stakeholder Perspectives
Lee Smallwood of Citi’s SPRINT team said, “We’re excited to support beatBread as they empower independent artists with tech-driven financing solutions.” Paul Steele of Triple 8 Management added, “beatBread gives artists clarity, control, and fair terms, critical in an often opaque industry.”
Future Outlook
beatBread aims to fund 5,000 clients by 2030, enhancing ChordCashAI and expanding its Funding Network. New tools for marketing and distribution partnerships are planned for 2026. With the streaming market projected to reach $50 billion by 2030, beatBread is poised to lead artist financing.
Source : beatBread
