Video Licensing Startup WavMaker Launches with $5M Seed Investment

Video Licensing Startup WavMaker Launches with $5M Seed Investment

By Marcus Bennett

December 9, 2024 at 12:08 PM

WavMaker, a new music licensing startup focused on video creators, has officially launched with $5 million in seed funding led by Monarch Media co-founder Vicky Patel.

Musicians in warehouse recording studio

Musicians in warehouse recording studio

Founded by former Soundstripe executive Matt Arcaini (CEO), industry veteran Mark Stuart (Director of Label Services), and Wavy Records co-founder Caleb Grimm (Director of Marketing), WavMaker aims to solve common music licensing challenges for video creators.

The subscription-based platform offers:

  • A constantly refreshed pre-licensed music library
  • Simplified licensing structure
  • Affordable access to quality music
  • Intuitive user interface

CEO Matt Arcaini explains: "As a musician and creator myself, I understand the constant struggle to find affordable, quality music for video content. WavMaker offers creators and musicians a mutually beneficial and frustration-free solution."

CTO Jack Whitis highlights the platform's technical capabilities: "Our platform abstracts away the inherent complexity of music licensing and makes finding the right song part of the creative process."

The $5 million seed funding will support:

  • Platform expansion initiatives
  • Team growth
  • Enhanced customer outreach efforts

The platform is scheduled to launch this month, offering video creators a streamlined solution for accessing licensed music while providing musicians with a new revenue stream for their work.

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