About SphereTrax
SphereTrax is a Technology company based in Hitchin (United Kingdom) founded in 2022 by Sefi Carmel. Royalty-free music is provided via an online search platform. It operates in the Technology and Media & Entertainment sectors. SphereTrax has raised $433.68 thousand across 2 funding rounds from investors including Fintage House and Jenson Ventures. Its chief executive, as recorded, is Sefi Carmel. SphereTrax offers products and services including Music Licensing Platform. Its focus areas include Consumer, Music Tech, Music Discovery and Songs. Its legal entity is SPHERETRAX LIMITED.
Company details
SphereTrax was founded in 2022 in Hitchin, United Kingdom, as a provider of an online platform in the music technology sector. A search-engine interface is offered to users for discovering soundtracks and songs. Audio content is made available in formats including VR, AR, and XR. Blockchain technology is employed to manage the licensing process securely. Operations focus on royalty-free access for creators and developers.
- Total Equity Funding$433.68K (USD)
in 2 rounds
- Latest Funding Round$128.03K (USD), Seed
Jun 2023
- InvestorsFintage House
& 1 more
Products & Services of SphereTrax
SphereTrax offers a comprehensive portfolio of products and services, including Music Licensing Platform.
Enables searching and licensing of commercial tracks for creative projects.
Apps and channels of SphereTrax
its YouTube channel SphereTrax has 91 subscribers and 30 videos.
Videos from SphereTrax
The most watched videos on SphereTrax's YouTube channel, SphereTrax (91 subscribers). Click a video to play it here.
More on SphereTrax.
Funding Insights of SphereTrax
SphereTrax has successfully raised a total of $433.68K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $128.03 thousand completed in June 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 $433,679
- Total Rounds 2
- Last Round Seed — $128,031
- First Round $305,648
(Mar 2023)
- Investors Count 2
All 2 funding rounds of SphereTrax with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2023 | $128,031 | Seed | – | Fintage House | – |
| Mar 2023 | $305,648 | Seed | – | Jenson Funding Partners | – |
2 investors in total: 2 institutional.
Investors in SphereTrax
SphereTrax has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Fintage House and Jenson Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Fintage House is engaged in global film and TV rights management. | fintagehouse.com | The Hague, Netherlands | ||
Early-stage investment opportunities are provided by Jenson Ventures. | jensonfundingpartners.com | Macclesfield, United Kingdom |
Investor details for SphereTrax
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Verified entity values are shown only after access is granted.
People of SphereTrax
2 people are tracked at SphereTrax (2 in leadership).
| Name | Role | Group |
|---|---|---|
Sefi Carmel | Founder & CEO | Leadership |
Isaac Short | CTO & UX Lead | Leadership |
Complete people profiles for SphereTrax
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of SphereTrax
3 dated milestones of SphereTrax across 1 years, from founding to its latest funding, stage changes and deals.
- Founded SphereTrax is founded.
- Funding First funding round of $306K.
- Funding Latest funding round, Seed, of $128K.
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Related news about Spheretrax
Complete news archive for SphereTrax
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Frequently Asked Questions about SphereTrax
SphereTrax was founded in 2022 and raised its 1st funding round 1 year after it was founded.
SphereTrax is headquartered in Hitchin, United Kingdom. It is registered at Hitchin, Hertfordshire, United Kingdom.
Sefi Carmel is the CEO of SphereTrax, as recorded in our data. They have also founded this company.
SphereTrax is a funded company, having raised a total of $433.68K across 2 funding rounds to date. The company's 1st funding round was a Seed of $305.65K, raised on Mar 2023.
SphereTrax was founded in 2022 in Hitchin, United Kingdom, as a provider of an online platform in the music technology sector. A search-engine interface is offered to users for discovering soundtracks and songs. Audio content is made available in formats including VR, AR, and XR. Blockchain technology is employed to manage the licensing process securely. Operations focus on royalty-free access for creators and developers.
SphereTrax offers Music Licensing Platform.
SphereTrax has 2 investors. Key investors include Fintage House, and Jenson Ventures.
SphereTrax operates through Spheretrax Limited.