NEWS: Techstars LA Music Accelerator Announces 2020 Class of Music Tech Startups
Techstars Music has accepted 10 music tech startups into its accelerator program.
This program is in partnership with member companies Warner Music Group, SONY, Concord, Peloton, AVEX, Bill Silva Entertainment, RecoChoku, Royalty Exchange, Q Prime Management and Entertainment One.
Each year, Bob Moczydlowsky, (formerly head of music at Twitter) along with the Techstars Music team, select 10 startups out of hundreds of applications during a six-month global search.
The startups then move into the Techstars Music accelerator in LA.
Over the course of 13 weeks, they are mentored by a 300-person list of global music and tech execs, venture investors and global artists.
The startups will hone their products, build their teams and then pitch to potential investors at the invite-only, annual Techstars Music Demo Day on April 30.
With the program now entering its fourth year, Techstars has reported these metrics:
– the previous three classes that participated in the accelerator have now raised more than $75 million in follow-on funding, with a combined portfolio valuation nearing $350 million.
– the portfolio also saw its first exit in 2019, when podcast giant Acast acquired 2017 alum Pippa.
The Class of 2020 startups are:
Audigo Labs puts a professional quality recording studio in your pocket — allowing musicians, podcasters and content-creators to capture, edit and share professional quality audio effortlessly.
Delta protects the digital rights and brand identity of Entertainment companies through the detection and traceability of deepfakes. Delta’s AI-driven SaaS platform allows enterprise to actively identify, monitor and respond to deep fake content.
Elastic Audio is democratizing modern audio for digital creatives and game developers with lightweight dev tools and a third-party sample/effects marketplace. Elastic Audio aims to do for sound what the modern GPU did for graphics – and thus become the core audio engine powering all projects, teams and hardware.
Entertainment Intelligence (Ei) collects, cleans, categorizes and enriches data for a wide range of entertainment businesses. Ei is unique in its ability to seamlessly blend social and consumption data from limitless sources, tracking and analyzing information on a daily basis. Ei also generates industry benchmarks, reports and dashboards to help customers understand their market, save time and increase efficiencies.
New York, NY
Fanaply creates blockchain-enabled, interactive digital collectibles for the music, sports, and entertainment industries. The Fanalpy asset ecosystem empowers teams, artists, festivals, brands, and other stakeholders to connect and reward their core audiences, driving new levels of fan engagement.
FanSifter is a machine learning-powered fan data analytics platform to help music, entertainment, and sports events sell more tickets. Fansifter users save valuable marketing hours with powerful segmentation, profiling and enrichment tools – allowing hyper-personalized communication of the right offer to the right audience.
Los Angeles, CA
Splashmob is building tools to empower venues, artists, teams and performers to interact with and engage their audiences in real-time and at-scale, during live events.
Los Angeles, CA
Strangeloop Studios is a audio/visual content company creating new media, live concert, and audience experiences; including owning and operating virtual artists in partnership with the world’s leading musicians and visual designers.
San Francisco, CA
TribeXR produces immersive skills training for creative industries. Their first product, Tribe XR DJ School, is creating thousands of DJs around the world without any traditional pro-audio equipment required.
Los Angeles, CA
ULO creates “Experience Portals” to provide short-form immersive experiences for customers in high-foot traffic environments.
More About Techstars
Techstars operates three divisions: Techstars Startup Programs, Techstars Mentorship-Driven Accelerator Programs, and Techstars Corporate Innovation Partnerships.
Techstars’ accelerator portfolio includes more than 1,900 companies with a market cap of more than $25 billion.