The landscape of alternative funding options for indie artists, labels, and distributors is hotting up.
Just yesterday (January 20), a new financing platform made itself known, with ambitions to become the “largest funder of independent music globally”.
That new company, Pipeline, backed by Matt Spetzler’s investment firm Jamen Capital, said it has raised over USD $200 million in capital and aims to help independent music companies “unlock the value of their intellectual property, in order to drive growth and scale”.
Elsewhere in the space, prominent music financing platform beatBread has deployed over $100 million across 1,700 funding agreements since its founding in 2020. The company raised $124 million in fresh funding last year from backers including equity capital from Citi, Deciens Capital, Mucker Capital, and Advantage Capital.
Now, music investment company Duetti has secured $200 million in fresh financing.
The financing is led by a $50 million Series C equity investment by Raine Partners, the flagship growth equity fund of The Raine Group, alongside a second $125 million private securitization and a $25 million increase of an existing credit facility.
In connection with the equity financing, Joe Puthenveetil, Partner at The Raine Group, will join the Duetti Board of Directors.
Since its founding in 2022, Duetti has raised over $635 million, including more than $100 million in equity. The company has worked with more than 1,100 artists, songwriters, and other music creators across over 40 countries, purchasing portions of their music catalogs while providing marketing and management services.
The latest funding round comes less than a year after Duetti raised $200 million in a debt financing composed of a $150 million bank facility and a $50 million side facility from Viola Credit.
Duetti said that it is signing over 80 deals per month on the back of its expansion into publishing rights, in addition to its acquisitions of master recording rights. It also offers marketing and catalog management services such as playlisting through a network of more than 3,000 playlists with over 5 million followers across DSPs.
“The traditional music industry and the financially driven catalog buyout funds are not able to keep pace and adapt their infrastructure to the explosive growth of the independent music sector.”
Lior Tibon, Duetti
The company operates with a 65-person team across New York, Los Angeles, Miami, Nashville, London and Rio de Janeiro. Over 30% of its deals in 2025 came from outside the US, with activity in France, the UK, Germany, Brazil and Mexico.
Lior Tibon, CEO and Co-Founder of Duetti, said: “The traditional music industry and the financially driven catalog buyout funds are not able to keep pace and adapt their infrastructure to the explosive growth of the independent music sector.”
The new equity funding will go toward expanding Duetti’s technology infrastructure, enhancing marketing services, and growing its international operations. Tibon says the company is building proprietary databases and systems to identify and evaluate independent music catalogs.
Added Tibon: “This new funding allows us to continue building proprietary databases and systems to identify, predict, and effectively manage and support music catalogs of independent creators, the fastest growing and most exciting segment of the industry.”
“Duetti has democratized the industry by enabling artists at every stage of their careers to monetize their rights and access the marketing and growth resources offered by a modern label and publisher.”
Joe Puthenveetil and Fred Davis, The Raine Group
Joe Puthenveetil and Fred Davis, partners at The Raine Group, said: “We are excited to partner with Lior and team as they develop a next-generation music company that empowers independent creators. Duetti has democratized the industry by enabling artists at every stage of their careers to monetize their rights and access the marketing and growth resources offered by a modern label and publisher.”
The $125 million securitization marks Duetti’s second such transaction, which, according to the platform, brings “its master trust total to $205 million”. The company completed what it calls the first asset-backed securitization (ABS) transaction primarily backed by independent artists’ catalogs in October 2024. Duetti says it plans to continue using the securitization market as a financing source.
Duetti offers what it describes as flexible deal structures, buying a portion of artists’ catalogs rather than acquiring full ownership.
Duetti’s backers now include The Raine Group, Flexpoint Ford, Nyca Partners, Viola Ventures, and Roc Nation. The company was founded by Tibon, who formerly served as Tidal’s COO, alongside Christopher Nolte, a former Business Development executive at Apple Music.
Duetti is among a few music companies that have dipped their toes in asset-backed securitization. The most recent ones include Recognition Music Group with its three-times oversubscribed $372 million ABS offering, Concord’s $1.77 billion transaction and SESAC Music’s $889 million whole business securitization.
Music Business Worldwide
