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
- SectorsMedia & Entertainment
- Website anotherblock.io
- Social LinkedIn X Instagram YouTube
- Legal Name Anotherblock Ab
- Total Equity Funding$8.05M (USD)
in 3 rounds
- Latest Funding Round$4.35M (USD), Seed
May 2023
- InvestorsStride.vc
& 8 more
Products & Services of Anotherblock
Anotherblock offers a comprehensive portfolio of products and services, including Music Rights Platform.
Platform for buying and selling music rights to generate revenue.
Apps and channels of Anotherblock
its YouTube channel Anotherblock has 1.12K subscribers and 30 videos.
Videos from Anotherblock
The most watched videos on Anotherblock's YouTube channel, Anotherblock (1.12K subscribers). Click a video to play it here.
More on Anotherblock.
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 $8.05M
- Total Rounds 3
- Last Round Seed — $4.35M
- First Round $1.2M
(Jan 2022)
- Investors Count 9
All 3 funding rounds of Anotherblock with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
9 investors in total: 3 institutional and 6 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments in seed stage startups are made by Stride.vc. | – | stride.vc | London, United Kingdom | |
Investments in early-stage tech startups are made by Inventure. | – | inventure.vc | Helsinki, Finland | |
- | – | j12.vc | - | |
FH Fredrik Haga | Co-founder of Dune Analytics, active angel investor in Indian startups | – | unknown_8e02cb2ef1e740d39 | - |
MA Maex Ament | - | – | unknown_9a4556c0804a4b508 | - |
SK Sebastian Knutsson | Co-founder of King, angel investor, focused on tech and gaming startups. | – | unknown_c9f76a98fcab4313a | - |
MM Mattias Miksche | Angel investor, co-founder of Dreamler, active in Indian startup ecosystem | – | unknown_3ad718c539344bbf9 | - |
MA Mathias Ackermand | - | – | unknown_1f15a33cac2d40879 | - |
SA Steve Angello | - | – | unknown_3aa67ad4dae54f649 | - |
Investor details for Anotherblock
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Anotherblock
9 people are tracked at Anotherblock (8 in leadership, 1 in team).
| Name | Role | Group |
|---|---|---|
Michel D Traore | Co-Founder | Leadership |
Filip Stromsten | Co-Founder | Leadership |
Sebastian Ljungberg | Co-Founder, CTO | Leadership |
Johan P Moverare | CFO | Leadership |
Elisabet Ström | Head of Legal | Leadership |
Filip Strömsten | Founder & COO | Leadership |
Jonathan Gustafsson | Chief Technology Officer | Leadership |
Oscar Mörke | Head of Product | Leadership |
Svea Berlie | Community & Utility Manager | Team |
Complete people profiles for Anotherblock
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Anotherblock
3 dated milestones of Anotherblock across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Anotherblock is founded.
- Funding First funding round of $1.2M.
- Funding Latest funding round, Seed, of $4.3M.
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.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| epidemicsound.com | 2009 | Stockholm, Sweden | $476M | – | Music is licensed via a cloud-based platform for professional use. | |
| songtradr.com | 2014 | Santa Monica, United States | $165.62M | 95 | Music and sound are licensed online for commercial purposes. | |
| 7digital.com | 2004 | London, United Kingdom | $14.25M | 64 | Media content provider for streaming platforms | |
| bmi.com | 1939 | Nashville, United States | – | 602 | Music rights are represented and royalties distributed to creators. | |
| tracklib.com | 2014 | Stockholm, Sweden | $23.17M | – | Tracks are discovered, bought, and licensed via an online marketplace. | |
| blokur.com | 2016 | London, United Kingdom | $3.01M | 19 | Blockchain technology is utilized for managing creative rights in music. | |
| vfinemusic.com | 2015 | Beijing, China | $1.2M | – | Music is licensed and sold via an online searchable platform. | |
| freshsound.com | 2000 | Stockholm, Sweden | $2.78M | – | Music licensing is enabled through a self-serve online platform. |
Detailed competitors of Anotherblock
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Anotherblock
Complete news archive for Anotherblock
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Anotherblock
10 companies that operate in the same segment as Anotherblock (Music Tech), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online platform for on-demand music and radio streaming | 2007 | Paris, France | USD 445.42 M | USD 627.4 M | 566 | |
Music streaming is offered on-demand to global users. | 2006 | Stockholm, Sweden | USD 2.06 B | USD 19.4 B | – | |
Broadcast radio channels are aggregated and streamed through subscriptions. | 2002 | San Francisco, California, United States | USD 98.35 M | – | – | |
Music streaming services are provided online for free. | 2007 | Berlin, Berlin, Germany | USD 437.81 M | – | – | |
A ticketing platform for live events is offered by DICE. | 2014 | London, England, United Kingdom | USD 238.27 M | – | – | |
Decentralized audio distribution is enabled for creators via blockchain technology. | 2018 | San Francisco, California, United States | USD 16.1 M | – | 44 | |
Music creation and collaboration are enabled through an online platform. | 2013 | New York, New York, United States | USD 164.5 M | – | – | |
Music streaming solutions for businesses are provided. | 2014 | Stockholm, Sweden | USD 54.62 M | – | – | |
Mobile jukebox app is used for venue customer engagement. | 2010 | Oakland, California, United States | USD 6.82 M | – | 80 | |
Music is licensed via a cloud-based platform for professional use. | 2009 | Stockholm, Sweden | USD 476 M | – | – |
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Frequently Asked Questions about Anotherblock
Anotherblock was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Anotherblock is headquartered in Stockholm, Sweden.
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 2022.
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.
Anotherblock's top competitors include Epidemic Sound, Songtradr and Broadcast Music.
Anotherblock offers Music Rights Platform.
Anotherblock has 9 investors. Key investors include Stride.vc, Inventure VC, Fredrik Haga, Maex Ament, and Sebastian Knutsson.
Anotherblock operates through Anotherblock Ab.