SonoSuite Welcomes Dinastía as Strategic Minority Investor to Accelerate Global Growth

SonoSuite Welcomes Dinastía as Strategic Minority Investor to Accelerate Global Growth

By Marcus Bennett

November 16, 2024 at 07:36 PM

SonoSuite, a Barcelona-based music technology company, has secured a minority investment from Colombian music company Dinastía Inc. The strategic partnership aims to enhance distribution opportunities and strengthen their existing client relationship.

Dinastía, which specializes in urban music and has a strong presence in Latin America, will acquire a minority stake in SonoSuite while the founders maintain majority control and company leadership.

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"We are glad to welcome this strategic investor who provides valuable industry insights, as part of our cap table," said Sebastián Mañana, CEO of SonoSuite. The investment will fund growth initiatives while preserving the company's independence.

SonoSuite operates a white-label platform that helps independent record labels and music distributors manage their catalogs, royalty payouts, and reporting. The company partners with major industry players including SoundExchange, Merlin, PPL, IFPI, and Worldwide Independent Network (WIN).

The investment comes at a strategic time as independent artists continue to gain market share. SonoSuite competes in the digital distribution space alongside established players like Distrokid and Tunecore, offering specialized services for the independent music sector.

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