Mogul Secures $5M in Funding Led by Yamaha Innovations Fund

Royalty management platform Mogul, the startup that helps artists audit and fix their royalties, has raised $5 million in a funding round led by the Yamaha Innovations Fund. Other investors include the Urban Innovation Fund, Mindset Ventures and EU-based Fairway Capital Partners. Amplify LA and Wonder Ventures have renewed their commitment.

New resources:

• The funding will help Mogul expand its infrastructure as it continues to help artists, managers and business managers track their royalties, while identifying and fixing royalty issues on their behalf.

• Mogul says it has processed more than $1.5 billion in royalties “on behalf of major artists including household-name stars.”

Catalog valuation:

• The funding has also supported the launch of Mogul’s Catalog Valuation Center.

• The tool gives artists and managers insight into the value of their catalog and top-end tracks, then connects them with financing partners.

• It also provides a breakdown between publishing and sound recording totals, to better help navigate advances and catalog sales.

What they said:

• Jeff Ponchick, Mogul Founder and CEO: “A universal source of truth for music royalties has long been the industry’s holy grail. Instead of forcing a top-down solution, trying to wrangle Labels, Publishers, CMOs, and others, Mogul starts at the data itself by bringing together the fragmented metadata that determines payouts and turning it into a clear, actionable view of an artist’s income, with tools to surface and resolve issues fast.”