Madverse Secures New Funding Round Led by Kobalt Founder Willard Ahdritz

Madverse Music Group, the Delhi-headquartered music distribution, publishing and marketing company, has successfully completed its first institutional funding round.

The details:

• Though Madverse hasn’t revealed the size of the raise, it was led by Ahdritz Capital, the investment vehicle of Willard Ahdritz, Founder-Chairman of the Kobalt Music Group.

• Ahdritz will join the company’s board of directors once the transaction is finalized.

• SumoSan Ventures, Indian consulting firm 10X Global and Dubai-based investment company Marigold Capital were also involved in the raise.

• As per Music Ally, the funds will be used to expand Madverse’s AI-powered technology, rights management, distribution, and artist services worldwide.

Backstory:

• Madverse was founded in 2023 by CEO Rohan Nesho Jain, with the goal of changing “the independent music scene in India,” as per its website.

• It claims to represent over 200,000 independent artists and labels from more than 45 countries.

• In addition to distribution, it offers marketing, social media, artist funding and, via a January deal with Kobalt, sync, publishing administration and royalty collection services.

What they said:

• Rohan Nesho Jain: “Madverse was born with one purpose: to build the most powerful, most accessible independent music ecosystem in the world, starting from India. Willard joining this journey is a defining moment for Madverse and a statement to the entire industry. He fundamentally changed what independence in music could mean for an artist. The next independent wave will be led from India – and Madverse will be at the center of it.”