Musikki raises $1m in funding to grow image management platform

Music startup Musikki has secured a $1m round of funding from Portugal Ventures, the largest VC fund in Portugal. 

At the core of Musikki’s work is the data provided via its API, however the company has now launched an additional tool called Exclusiph, which is a new kind of image management tool for the music industry which complements the API’s data. The new round will enable the company to focus on its developent.

Joao Afonso, co-founder and CEO of Musikki, stated: “We set up Musikki as a consumer app, dubbed ‘the IMDB of music’, but quickly diversified the offering by launching the Music API which provides all the data, content and information needed to develop a new music service. The aim of the Musikki Music API is to provide everything except the music itself. And, it was during our quest to provide a one-stop solution for music app developers that we identified the need in the B2B space to easily access and manage high quality and official music photos.”

He continues: “Spotting the gap in the market, Musikki created Exclusiph, an innovative image management and distribution tool for the music industry. All images on the Exclusiph platform will also be available via the Musikki Music API, which enables the update of any artist's image, across potentially every music service, in a matter of seconds thereby truly revolutionising music promotion and marketing.”

Exclusiph was developed in conjunction with independent label 4AD (The National, Grimes), and is already being used by the Secretly Group (Destroyer, Sharon Van Etten). 

Marco Fernandes, CEO of Portugal Ventures, stated that Musikki’s potentially global appeal made it the kind of disrupting and potentially global company that they want to invest in to foster the Portuguese startup ecosystem. 

Musikki is currently negotiating a Series A round with corporate and institutional investors. 

(Andrea Leonelli)