Alven is leading a $3.1m round in Soundcharts with Kima Ventures and Global Founders Capital.

Subscription streaming is the new paradigm for the Music Industry, one that the global recording market now relies on. Professionals are changing the way they work, this is where Soundcharts comes in.

Launched 11 months ago after a year in beta, and with already over 250 enterprise clients coming from 23 countries, Soundcharts powers the internal data workflow of Universal Music, Sony Music and Warner Music -, as well as independent labels, publishers and management companies such as Believe Digital, 300, SONGS publishing, Red Bull Records and Ignition Management. Soundcharts monitors social, charts, playlist and radio airplay data in real-time. The company helps marketing and sales teams, agents and promoters A&Rs, managers and artists themselves work more efficiently on a daily basis.

“Soundcharts processes, analyzes and archives a mass of information in real-time and gives meaning to this data thanks to an intuitive personalized dashboard and automated reports.” says David Weiszfeld, CEO and Founder of Soundcharts.

In June 2017 Soundcharts won the MIDEM international startup competition, the global leading B2B Music conference who had recognized the potential of countless music/tech companies, including SoundCloud, The EchoNest (sold to Spotify in 2014) or Next Big Sound (sold to Pandora in 2015).

Soundcharts will use the funds to strengthen its technical leadership as well as serve its customers. The company is currently recruiting to open offices in Los Angeles, New York and London before the end of the year.