Duetti is a music financing startup founded by former TIDAL COO Lior Tibon and former Apple Music Business Development Executive Christopher Nolte. Duetti helps artists monetize their work by selling their master catalogs, individual tracks, or portions of their catalog. Duetti evaluates artists based on the performance of tracks that have been on streaming platforms for at least two years and have accumulated a minimum of 500,000 streams in the preceding 12 months. Based on the popularity of the track, Duetti gives each artist an offer price for purchasing their music. Duetti notes they will also market the music they purchase and artists will get paid in less than 30 days.
Key customers and partnerships
As of May 2023, Duetti's platform has been used by over 60 artists, securing up to USD 400,000 for their catalog and single-track masters.
Independent artists who use Duetti include CVBZ, Sylvan LaCue, and Croosh. The platform has facilitated deals involving more than 100 tracks.
Funding and financials
In February 2024, the company raised USD 90 million in funding, including USD 15 million in equity led by Nyca Partners and a USD 75 million credit facility from Northleaf Capital Partners. It planned to use the funds to expand its catalog acquisitions, further develop its proprietary predictive and analytics technology, and enhance its catalog marketing capabilities. The round followed the USD 32 million raised in May 2023.
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