Overview

Update
Total Equity Funding
$4.8M in 3 Rounds from 3 Investors
Most Recent Funding
$2M Series C on February 1, 2008
Description:
Slicethepie is a web-based artist financing engine that raises money for artists to record music albums.
Founders:
Categories:
Art, Gambling, Music
Website:
http://slicethepie.com
Social:

Company Details

Update
Founded:
June 18, 2007
Employees:
2 in Crunchbase

Slicethepie is a web based artist financing engine that raises money for artists to professionally record an album. It enables users to invest in, profit from, and trade in artists' success by turning every music fan into a talent scout and investor.

This is done via a two step process. First the site harnesses the "Wisdom of Crowds" to objectively identify the best new artists. The top 2% of artists are then showcased on the site and every artist/band who attracts sufficient support from investors and fans goes forward to raise $30,000 to professionally record and release an album.

Investors can then trade in and out of their Contracts in artists they have invested in on a fully fledged trading exchange hosted on the site. The ultimate payout on Contracts is directly proportional to the number of singles and albums sold over a 2 year period.

Artists keep all of their copyright and publishing rights, paying a royalty to Slicethepie on the first two years of album sales. Slicethepie revenues are obtained from royalties from sales of albums, advertising, income based on sales of Contracts and commission on the trading of Contracts.

Funding Rounds (3) - $4.8M

Update
DateAmount / RoundValuationLead InvestorInvestors
Feb, 2008$2M / Series C3
Apr, 2007$1.2M / Series B0
Jun, 2006$1.6M / Series A0

Investors (3)

Current Team (2)

Update

Competitors (1)

Update
  • SellaBand is an online platform that coordinates and executes recording sessions and fan funded music projects for artists.

Offices/Locations (1)

Update
  • Office

    ,

    United Kingdom

Past Team (1)

Update

Add Acquisitions

Add Board Members and Advisors

Add Products

Add Sub Organizations

Add Memberships

Add Customers

Add Partners

Add Images

Add Videos