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Metallica is Getting In On Venture Capital

December 25, 2023
x min read

A technology startup aiming to change how musicians connect with their fans has a new venture capital fund getting behind them: Metallica.

What’s happening:

  • New York City based direct to fan music platform Medallion has raised $13.7M USD in a Series A financing round co-lead by Dragonfly and Lightspeed Faction
  • The round also saw participation from other notable investors such as Metallica’s venture capital fund Black Squirrel Partners, Coinbase Ventures, Infinite Capital and Zeal Capital

The big idea:

  • Medallion is reinventing the way that musicians are able to connect with their fans through a new intuitive digital platform that is purpose built for artists
  • Medallion enables musicians to host, distribute and sell their original content more seamlessly
  • Through building a better experience for artists and fans, Medallion is hoping to redefine the way musicians can monetize their intellectual property

Going deeper:

  • Medallion is built on the blockchain and users are able to log in through crypto wallet providers such as Rainbow, Coinbase or WalletConnect
  • Medallion will soon allow musicians to sell digital collectibles and NFTs directly to their fans

By the numbers:

  • Since inception Medallion has raised $22M USD in venture capital funding

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