Slip.Stream Raises $7.5 Million In Financing With Investment From Sony Music Entertainment, Others

Investment

SLIP.STREAM, a platform distributing music for royalty-free use in video and gaming streams, has raised $7.5 million of Series A financing from SONY MUSIC ENTERTAINMENT, THIRD PRIME, LIGHTSHED VENTURES, and other investors, and has added GAMEOVER TALENT’s ANTHONY PISANO and FAZE CLAN’s FAZE BLAZE to its advisory board, which also includes T-PAIN. A previous seed funding round in 2021 raised $3.25 million. SONY’s investment will also include exploring opportunities for the label’s artists on the SLIP.STREAM platform.

Co-CEO DAN DEMOLE said, “We’ve long believed that the music industry was ready to explore innovative models addressing creators and streamers' need for quality music in their content. This funding round along with our new partners is validation of this belief. It’s a win and a step in the right direction for creators and musicians everywhere.”

SONY MUSIC ENTERTAINMENT Pres., Global Digital Business DENNIS KOOKER said, “We support SLIP.STREAM’s vision of building mutually beneficial ways for recording artists and the creator community to work together that deliver new recurring revenue streams and expanded reach for artists. Their leadership team has experience in music, and understanding and respect for the needs of artists in this developing space. We look forward to partnering with them to develop innovative opportunities for great music to flourish in more use cases.”

CMO JESSE KORWIN said, “We are positioning ourselves at the nexus of music, gaming, and the streaming creator communities that are leading culture. A big part of our mission is to provide high quality music for these creators to integrate safely into their content, while supporting the work of artists.”

Co-CEO DAVID CARSON added, “Artists, labels, and brands are opening up to compelling new models that harness the power of the creator universe and we've been fortunate thus far to work with pioneers in the space like T-PAIN and RIOT. This funding will allow us to explore new partnerships and add more exclusive music content to further provide a great experience to our users.”

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