About Anotherblock
Anotherblock is a company based in Stockholm (Sweden) founded in 2021 by Michel D Traore, Filip Stromsten, and Sebastian Ljungberg. It operates as a Marketplace. Anotherblock has raised $8.05 million across 3 funding rounds from investors including Stride.vc, Inventure VC and Fredrik Haga. Anotherblock offers products and services including Music Rights Platform. Anotherblock operates in a competitive market with competitors including Epidemic Sound, Songtradr, 7digital, Broadcast Music and Tracklib, among others.
- Headquarter Stockholm, Sweden
- Founders Michel D Traore, Filip Stromsten, Sebastian Ljungberg
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Sectors
Media & Entertainment
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Anotherblock Ab
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$8.05 M (USD)
in 3 rounds
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Latest Funding Round
$4.35 M (USD), Seed
May 16, 2023
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Investors
Stride.vc
& 8 more
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Employee Count
Employee Count
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Products & Services of Anotherblock
Anotherblock offers a comprehensive portfolio of products and services, including Music Rights Platform. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for buying and selling music rights to generate revenue.
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Funding Insights of Anotherblock
Anotherblock has successfully raised a total of $8.05M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $4.35 million completed in May 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Seed — $4.3M
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First Round
First Round
(11 Jan 2022)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2023 | Amount | Seed - Anotherblock | Valuation | Stride.vc |
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| Jun, 2022 | Amount | Seed - Anotherblock | Valuation | Inventure | |
| Jan, 2022 | Amount | Seed - Anotherblock | Valuation | J12 |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Anotherblock
Anotherblock has secured backing from 9 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Stride.vc, Inventure VC and Fredrik Haga. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investments in seed stage startups are made by Stride.vc.
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Founded Year | Domain | Location | |
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Investments in early-stage tech startups are made by Inventure.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Anotherblock
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Anotherblock
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Anotherblock Comparisons
Competitors of Anotherblock
Anotherblock operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Epidemic Sound, Songtradr, 7digital, Broadcast Music and Tracklib, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Music is licensed via a cloud-based platform for professional use.
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| domain | founded_year | HQ Location |
Music and sound are licensed online for commercial purposes.
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| domain | founded_year | HQ Location |
Media content provider for streaming platforms
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| domain | founded_year | HQ Location |
Music rights are represented and royalties distributed to creators.
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| domain | founded_year | HQ Location |
Tracks are discovered, bought, and licensed via an online marketplace.
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| domain | founded_year | HQ Location |
Blockchain technology is utilized for managing creative rights in music.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Anotherblock
Frequently Asked Questions about Anotherblock
When was Anotherblock founded?
Anotherblock was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is Anotherblock located?
Anotherblock is headquartered in Stockholm, Sweden.
Is Anotherblock a funded company?
Anotherblock is a funded company, having raised a total of $8.05M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.2M, raised on Jan 11, 2022.
What does Anotherblock do?
Anotherblock is a platform that enables the buying and selling of music rights, connecting rightsholders with investors through technology. It makes music rights a transparent asset class, facilitating transactions for major songs and ensuring integrity. Based in Stockholm, Sweden, it serves accredited investors and partners with funds like Inventure and Stride, promoting diversification in alternative investments.
Who are the top competitors of Anotherblock?
Anotherblock's top competitors include Epidemic Sound, Songtradr and Broadcast Music.
What products or services does Anotherblock offer?
Anotherblock offers Music Rights Platform.
Who are Anotherblock's investors?
Anotherblock has 9 investors. Key investors include Stride.vc, Inventure VC, Fredrik Haga, Maex Ament, and Sebastian Knutsson.