Music industry leaders invest $12 million in Stationhead to grow social audio platform
Series A led by Buttonwood Group Advisors will enhance growth strategy and platform development efforts
NEW YORK, July 14, 2022 /PRNewswire/ — Stationhead, the social music platform for artists and fans around the world to connect, listen live and stream together, today announced the closure of a $12 million Series A funding round led by Buttonwood Group Advisors (“BGA”) and other leading investors, including a global DJ, songwriter and music producer, Thomas Wesley Pentz Jr.popularly known as Diplo, among others.
Thanks to a former rock star turned tech entrepreneur by Ryan Star a leader since launching in beta in 2021, Stationhead has evolved music streaming to create an interactive, community-based listening experience for its 5 million users with 30k stations in 200 countries. Music lovers-turned-station hosts can listen to their favorite albums and choose from over 70 million songs without copyright restrictions thanks to integration with Apple Music and Spotify. Stationhead connects fans and artists in an unprecedented way with singular live streams exceeding 600,000 people and all users spending an average of more than 2 hours per day on the platform. Users can also seamlessly integrate music and chat with Stationhead functionality to take live calls or co-host shows with other members.
Stationhead is now an integral part of the biggest music releases in the world. Artists who have officially launched stations driving global listening parties that drive the Billboard charts include BTS, Imagine Dragons, Coldplay, Shawn MendesCardi B, Nicki Minaj, Camila Cabello, Olivia Rodriguekelly machine gun, Bruno Mars, Brandi Carlisleand much more.
“Stationhead is the next evolution of online music. By building this with great empathy for artists and fans, we’ve become the next generation’s preferred global platform for consuming music together. Release Week , we are at the heart of the action. Achieving this increase signifies Stationhead’s growing and central role in the entire music ecosystem,” said Stationhead CEO and Co-Founder, ryan star.
To further innovate the digital music experience and bring value to artists, fans and the music industry, Stationhead will use the capital to accelerate the scale of its global platform and invest in engineering and user experience.
Joseph A. AlagnaChairman and CEO of Joseph Gunnar & Co., and founder and co-manager of Buttonwood Group Advisors, added: “Stationhead has grown in popularity thanks to its unique social streaming platform which has been quickly adopted by listeners and artists. We look forward to continued business growth and innovation. as a business”
Other investors include Red Light Management, TMWRK, Round Hill Publishing, Avex Entertainment, Craig Kalman and Julie Greenwald from Atlantic Records, Kevin Liles 300 entertainments, and Jason Flom from Lava Records.
“Stationhead has become an integral part of music releases, adding a whole new way for fans and artists to celebrate new releases globally together while pushing music up the charts,” said Murray Levisonco-founder and COO of Stationhead, “Artists like BTS, Cardi B, NBA YoungBoy, and Stray Kids have successfully used Stationhead to create incredible experiences with their fans and propel their music to the forefront. These incomparable encounters between artists and fans happened organically and reflects the unique value that Stationhead offers.”
Additionally, Stationhead announced the hiring of Andre Cornettas Senior Product Designer, to oversee the design and engineering of new technologies and products for Stationhead with the goal of creating a superior user experience for the company’s millions of listeners.
Cornett comes to Stationhead with over ten years of product design and engineering experience. Previously, Andrew was a product designer for HEIR, a digital platform connecting athletes to fans, director of product design for music software company Splice, and iOS engineer for Universe Inc, a website builder app. He also worked at Kickstarter, designing the company’s first iPhone app, and co-founded Jukely, a monthly concert subscription app.
Andrew’s initial work will focus on engagement and discovery tools such as channels. The new “Channels” feature which acts as a community hub for artists and fans and highlights the top performing stations on the platform. The first “Channels” features artists who have used Stationhead to engage directly with fans, including BTS – Army, Seventeen – CARAT, Nicki Minaj – Barbz. BTS Channel welcomed more than 600,000 fans in one day, making BTS Channel the largest social audio channel in the world.
Stationhead is a social music platform for artists and fans around the world to connect, listen live and stream together. Stationhead allows its users to create global stations in seconds where they can stream music, talk live and connect with their community across the globe. Stationhead’s patented technology enables fans and artists to create unforgettable digital music experiences, while pushing songs up the charts. Artists launching stations on Stationhead include BTS, Imagine Dragons, and Cardi B, among others. Assemble, listen, connect, party, talk and play – on Stationhead. Stationhead is available in iOS and Google Play app stores as well as on the web. Visit www.stationhead.com for more information.
About Joseph Gunnar & Co., and Buttonwood Group Advisors LLC
Joseph Gunnar & Co., is a full-service investment banking, securities and wealth management firm, established in 1997 and headquartered in New York. The firm provides a variety of investment banking and advisory services to emerging and micro-cap companies, as well as a full range of financial services, including private wealth management, global institutional equities, sales and trading. fixed income and equity research. Joseph Gunnar is a registered broker-dealer with the United States Securities and Exchange Commission (SEC) and is a member of FINRA, SIPC and NASDAQ. To learn more about Joseph Gunnarvisit josephgunnar.com.
Buttonwood Group Advisors LLC provides investment advisory services to a group of private equity funds (the “Buttonwood Funds” or the “Fund”) that provide individual and institutional investors with access to fast-growing pre-IPO companies and disruptive assets globally, as well as opportunistic real estate deals, for which it seeks a shorter period of liquidity than most traditional private equity funds.
Buttonwood’s investment structure allows investors to buy stakes with the option of receiving shares of the company after the IPO. Investment in each series of funds is specific to a single company at a specific valuation, rather than investing in a blind pool or mixed fund, which over time gives investors and their advisers the ability build a personalized private equity portfolio.