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Music Tech Startup Songfinch Raises $17 Million to “Create a Middle Class of Musicians”

Music tech startup Songfinch has secured $17 million, closing a Series A funding round that amplifies its efforts to create a “middle class of musicians,” Built In Chicago reports. Songfinch is one of a handful of music startups aiming to change how independent musicians are compensated for their work. “The industry tends to be a star-driven league and the top two percent get a chance to participate and eat most of the dollars in the industry while the other 98 percent struggle and fight for scraps,” John Williamson, CEO of Songfinch told Built In Chicago. The goal of Songfinch’s online marketplace is to provide artists with a hub where consumers can commission them to create custom songs. The platform allows users to choose a style, mood and other custom elements f...