Duetti, a catalog acquisition company that works with independent artists, said on Tuesday (Jan. 20) that it raised $200 million from a Series C and debt financing, bringing the total amount raised by the three-year-old company to $635 million.
Founded in 2022, Duetti claims it’s growing at more than twice the monthly rate it was last year, acquiring around 80 catalogs of master recordings and publishing rights every month from rightsholders based mostly in the United States, according to a press release. The company says the fresh funding round includes a $50 million equity investment from The Raine Group, which will go toward expanding Duetti’s technology infrastructure, marketing services and global presence.
Raine joins existing Duetti investors Flexpoint Ford, Nyca Partners, Viola Ventures and Roc Nation in bringing the total equity investment capital raised to more than $100 million. The additional capital raised comes from a $125 million private asset-backed securitization, Duetti’s second ABS, and a $25 million increase on an existing credit facility.
Duetti CEO and co-founder Lior Tibon says Duetti is keeping pace with “the explosive growth of the independent music sector.” The company has signed deals typically valued at between $10,000 and $10 million, representing some 1,100 indie musicians and songwriters across 40 countries.
“This new funding allows us to continue building proprietary databases and systems to identify, predict and effectively manage music catalogs of independent creators, the fastest growing and most exciting segment of the industry,” Tibon said in a statement.
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Duetti has a full-time staff of 65 based in New York, Los Angeles, Miami, Nashville, London and Rio de Janeiro, who support catalog acquisitions and provide marketing and management services. That includes deploying songs from Duetti’s catalog for consideration in some 3,000 playlists boasting around 5 million combined followers, and working with artists to produce around 60 remixes of their songs per quarter.
The $125 million private ABS is an extension of the $80 million ABS Duetti announced in late 2024, structured and placed by Barclays.
Raine Group partner Joe Puthenveetil will join Duetti’s board of directors as a result of the investment.
