About Encore
Encore is a company based in Beverly Hills (United States) founded in 2020 by Kid Cudi and Ian Edelman. It operates as a AI-as-a-Service, and Subscription Services. Encore has raised $9 million across 1 funding round from investors including Battery Ventures, Parade Ventures and Nomad Ventures. Encore offers products and services including Encore AI, Encore Studio AR, and Encore Live. Encore operates in a competitive market with competitors including FanBridge, ToneDen, Mnet Plus, Vibe Zone and Laylo, among others.
- Headquarter Beverly Hills, United States
- Founders Kid Cudi, Ian Edelman
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Sectors
Media & Entertainment
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Encore Music Technologies
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$9 M (USD)
in 1 rounds
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Latest Funding Round
$9 M (USD), Seed
Feb 16, 2022
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Investors
Battery Ventures
& 6 more
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Employee Count
Employee Count
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Products & Services of Encore
Encore offers a comprehensive portfolio of products and services, including Encore AI, Encore Studio AR, and Encore Live. 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.
AI tools are provided for music video creation.
AR tools are offered for creative content development.
Booking and promotion tools are provided for artists.
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Funding Insights of Encore
Encore has successfully raised a total of $9M through 1 strategic funding round. The most recent funding activity was a Seed round of $9 million completed in February 2022. 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 1
- Last Round Seed — $9.0M
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First Round
First Round
(16 Feb 2022)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2022 | Amount | Seed - Encore | Valuation | Battery Ventures |
| 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 Encore
Encore has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Battery Ventures, Parade Ventures and Nomad Ventures. 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 technology companies are conducted globally by Battery Ventures.
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Founded Year | Domain | Location | |
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Venture capital firm focused on seed stage startups
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Founded Year | Domain | Location | |
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Kayyak Ventures is focused on investing in mission-driven entrepreneurs.
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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 Encore
| 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 - Encore
| 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 |
Encore Comparisons
Competitors of Encore
Encore 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 FanBridge, ToneDen, Mnet Plus, Vibe Zone and Laylo, 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 |
Fan relationships are managed via acquisition, retention, and engagement tools.
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| domain | founded_year | HQ Location |
Fan engagement & promotions platform for musicians
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| domain | founded_year | HQ Location |
Artists and fans are connected via an online entertainment platform.
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| domain | founded_year | HQ Location |
K-pop fanbase services and customized artist searches are provided.
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| domain | founded_year | HQ Location |
Music distribution and marketing solutions are provided online by Laylo.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Frequently Asked Questions about Encore
When was Encore founded?
Encore was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Where is Encore located?
Encore is headquartered in Beverly Hills, United States. It is registered at Beverly Hills, California, United States.
Is Encore a funded company?
Encore is a funded company, having raised a total of $9M across 1 funding round to date. The company's 1st funding round was a Seed of $9M, raised on Feb 16, 2022.
What does Encore do?
Encore is engaged in providing AI-driven solutions for artists, focusing on music creation, content development, and live event management. Services are offered across sectors like music technology and entertainment, with tools for video creation, AR content design, and booking or promoting live shows. Comprehensive support is extended to artists to manage tasks efficiently during music releases.
Who are the top competitors of Encore?
What products or services does Encore offer?
Encore offers Encore AI, Encore Studio AR, and Encore Live.
Who are Encore's investors?
Encore has 7 investors. Key investors include Battery Ventures, Parade Ventures, Nomad Ventures, Kayyak Ventures, and 468 Capital.
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