All these startups came to Midem last year, hoping to win prizes at the Midemlab startup competition by proposing innovative solutions to the challenges the music industry faces.
What happened to them after Cannes? These three stories prove that Midemlab is the perfect launchpad for cutting edge music tools!
Competing in the Music Discovery, Recommendation and Creation category last year, Blitzr wowed the Midemlab crowd: its tool aggregates music via a semantic search engine and an intelligent crossmedia player. It now has 4 million artists in its catalogue, 5 million albums and 40 million songs… which makes it the biggest music base in the world!
Music is a shared experience, but how can you be sure that your friends will enjoy a concert as much as you will? Moreover, how can you easily connect with people sharing the same passion for a band? Jukely has a solution: an iPhone/web app that matches its users with concerts to go to, and friends to go with, based on their collective music tastes. The company raised $2.4 million in seed funding round in October 2014 – just 8 months after Midemlab! And it now has 30 million users…
Rushmore’s objective is simple, but also ambitious: the startup wants to connect fans directly with the artists they love “through interactive and live experiences.” After competing in the Marketing & Social Engagement category at Midemlab 2014, the company is now called Upclose, and has widened its scope to include journalists, athletes, artists, celebrities, and content creators. To date, it has over 250.000 contributions from more than 1.300 cities worldwide.
These are just three sucess stories out of the 30 Midemlab 2014 finalists, but there is more, of course! When it comes to fundraising, for instance, mobile audio service LISNR raised $3.5 million in June 2014; VOD platform Screenburn raised $500K in March of the same year; and music social network Soundwave raised $1 million!
But money isn’t everything: success is also measured in terms of audience and userbase. Here, too, Midemlab 2014 finalists shine: music distribution platform Kicktone is now used by 3,000 artists from 40 countries; digital marketing tool FanPic by Huggity has over 4 million fans; and, last but not least, monetisation platform capsule.fm was the number one sold news app in the AppStore in September 2014…
Want to apply to Midemlab 2015? Find out more here – but hurry, the deadline is March 5!
Top photo: the Midemlab 2014 competition in full swing