About Royal
Royal is a company based in Austin (United States) founded in 2021. It operates as a Token / Crypto Economy. Royal has raised $71 million across 2 funding rounds from investors including Coinbase, Creative Artists Agency and Paradigm Ventures. Royal offers products and services including Music Crypto Solutions. Royal operates in a competitive market with competitors including Audius, OneOf, LABEL, JKBX and Dibbs, among others.
- Headquarter Austin, United States
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Sectors
Financial ServicesMedia & Entertainment Technology
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$71 M (USD)
in 2 rounds
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Latest Funding Round
$55 M (USD), Series A
Nov 22, 2021
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Investors
Coinbase
& 14 more
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Employee Count
Employee Count
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Products & Services of Royal
Royal offers a comprehensive portfolio of products and services, including Music Crypto Solutions. 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.
Solutions are developed for musicians and listeners economically.
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Funding Insights of Royal
Royal has successfully raised a total of $71M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $55 million completed in November 2021. 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 2
- Last Round Series A — $55.0M
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First Round
First Round
(26 Aug 2021)
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2021 | Amount | Series A - Royal | Valuation | a16z | |
| Aug, 2021 | Amount | Seed - Royal | Valuation | Founders Fund , Paradigm |
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| 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 Royal
Royal has secured backing from 15 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Coinbase, Creative Artists Agency and Paradigm 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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Venture capital investments in technology sectors are handled by Andreessen Horowitz.
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Founded Year | Domain | Location | |
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Connect Ventures is focused on investing in innovative entrepreneurs.
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Founded Year | Domain | Location | |
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Early-stage startups are funded by sector-agnostic VC firm Crush Ventures.
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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 Royal
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - Royal
| 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 |
Royal Comparisons
Competitors of Royal
Royal 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 Audius, OneOf, LABEL, JKBX and Dibbs, 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 |
Decentralized audio distribution is enabled for creators via blockchain technology.
|
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| domain | founded_year | HQ Location |
Blockchain-based platform for fan communities
|
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| domain | founded_year | HQ Location |
Blockchain platform for music NFT investment and incubation is operated.
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| domain | founded_year | HQ Location |
Music investment platform that democratizes ownership of music royalties using blockchain
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| domain | founded_year | HQ Location |
NFT marketplace for fractional trading of sports cards
|
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| domain | founded_year | HQ Location |
NFT-based music store platform
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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 Royal
When was Royal founded?
Royal was founded in 2021.
Where is Royal located?
Royal is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Is Royal a funded company?
Royal is a funded company, having raised a total of $71M across 2 funding rounds to date. The company's 1st funding round was a Seed of $16M, raised on Aug 26, 2021.
What does Royal do?
Royal is engaged in creating innovative solutions at the intersection of music and cryptocurrency. The company is dedicated to unlocking economic benefits for both musicians and listeners through upcoming products planned for 2025. Their work is centered on leveraging blockchain technology to transform interactions within the music industry.
What products or services does Royal offer?
Royal offers Music Crypto Solutions.
Who are Royal's investors?
Royal has 15 investors. Key investors include Coinbase, Creative Artists Agency, Paradigm Ventures, Andreessen Horowitz, and Connect Ventures.
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