Metallica among investors in $13.7million funding for new artist-to-fan platform Medallion
nme.comMetallica are among investors in a $13.7million (£10.8million) funding round for the new artist-to-fan platform Medallion.The heavy metal veterans supported the platform – which allows artists to have a dedicated hub for releases, concerts, merchandise and more – for its Series A round.The round, co-led by Dragonfly and Lightspeed Faction, was secured with the support of Metallica’s Black Squirrel Partners alongside fellow musicians like Guy Lawrence of Disclosure, Jungle, Tiga and more.
Various other tech investors included Coinbase Ventures, Infinite Capital and J17.Other music industry investors include Bill Silva Entertainment, Foundations Artist Management, Mt Joy, Method and TAG Music.Medallion, which launched in 2022, enables artists to cultivate a community-focused digital environment that allows for better fan engagement.As we continue to build the best direct-to-fan platform for music artists, we are thrilled to announce our $13.7 million Series A financing, led by @dragonfly_xyz and @lightspeedvp @FactionVC.
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