Hook, a NYC-based platform the place customers can legally remix songs by prime musicians whereas incomes revenue, raised $3M in extra funding.
The spherical, which introduced whole funding to $6M, included new investments from Khosla Ventures, Kygo’s Palm Tree Crew, and The Raine Group, alongside continued help from present buyers, together with Imaginary Ventures, Steve Cohen’s Point72 Ventures, KSHMR, and Waverley Capital, co-founded by former Warner Music Group CEO Edgar Bronfman, Jr.
The corporate intends to make use of the funds to will speed up advertising efforts and strategic hiring, with a deal with person acquisition.
Led by Gaurav Sharma, Founder & CEO, Hook gives a professional answer for creators a to generate and distribute licensed remixed music content material in short-form codecs, whereas guaranteeing that rights holders preserve management and monetization of their content material.
In 4 months, the corporate has partnered with 16 music companions and options music from over 1,200 artists akin to Justin Bieber, Teddy Swims, James Blake, BLOND:ISH, Playboi Carti, Ty Dolla $ign, KSHMR, Hardwell, Swae Lee, Massive Sean, Migos, Soulja Boy, Sadie Jean, Jaden Smith, Killer Mike and Money Cobain to create licensed remixes from their songs/catalog.
FinSMEs
26/03/2025
