AnotherblockAnotherblock AB is a technology company.
AnotherblockAnotherblock AB has raised $7.0M across 3 funding rounds.
AnotherblockAnotherblock AB has raised $7.0M in total across 3 funding rounds.
Anotherblock AB is a Stockholm-based technology company that operates a blockchain-based platform to decentralize music rights and transform music into an investable asset class.[1][2][5] It links non-fungible tokens (NFTs) to royalty rights, enabling fans to own fractions of songs, generate royalties from streams and trades, and providing artists with upfront payments and ongoing revenue shares.[1][2][5] The platform serves music rightsholders (artists and producers) and investors, solving the problem of illiquid music catalogs by creating transparency, liquidity, and accessibility in music investments through technology.[1][5] Since 2021, it has facilitated sales of major tracks from producers like Offset, Metro Boomin, and Rodney “Darkchild” Jerkins, with partners including J12 Ventures, Inventure, and Stride VCs, and has raised pre-seed and seed funding in 2022.[1][2][5]
Anotherblock AB emerged around 2021 in Stockholm, Sweden, as a response to the music industry's opaque royalty systems, leveraging blockchain to democratize ownership.[1][5] While specific founders are not detailed in available sources, the company quickly gained traction by partnering with high-profile rightsholders, facilitating sales of globally recognized tracks and building a network of investors.[5] Pivotal early moments include securing pre-seed funding from J12 Ventures in 2022 and seed funding from Inventure in the same year, marking its entry into the Swedish tech ecosystem alongside blockchain-focused angels and VCs.[1][2] This positioned Anotherblock as a pioneer in tokenizing music rights amid rising NFT and Web3 interest.
Anotherblock rides the Web3 music and NFT trend, tokenizing real-world assets (RWAs) like royalties amid blockchain's push into entertainment and DeFi.[1][3][4] Timing aligns with post-2021 NFT boom and streaming revenue growth (e.g., Spotify's dominance), where artists seek better monetization beyond labels; market forces like regulatory clarity on digital assets and investor appetite for yield-generating alternatives favor it.[5] In Sweden's vibrant blockchain scene—home to funds like J12 and angels investing in music/Web3—Anotherblock influences the ecosystem by inspiring similar RWA platforms (e.g., in art, finance) and democratizing access for fans, potentially reshaping how $30B+ annual music royalties flow.[3][4]
Anotherblock is poised to expand its catalog with more blockbuster tracks, scaling via deeper VC partnerships and global investor inflows as music RWAs gain mainstream traction.[5] Trends like AI-driven valuations, Layer-2 scaling for cheaper NFT trades, and metaverse integrations will shape its growth, while evolving music streaming economics and Web3 adoption could amplify royalty yields.[3][4] Its influence may grow by setting standards for transparent rights trading, bridging traditional music giants with crypto natives—ultimately making Anotherblock AB a cornerstone in turning songs into liquid, investable assets.[1][5]
AnotherblockAnotherblock AB has raised $7.0M in total across 3 funding rounds.
AnotherblockAnotherblock AB's investors include Techstars London, Inventure, Antler, Balderton Capital, EQT Partners, Iterative, Douglas Stark.
AnotherblockAnotherblock AB has raised $7.0M across 3 funding rounds. Most recently, it raised $4.0M Seed in May 2023.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| May 1, 2023 | $4.0M Seed | Techstars London | |
| Jun 1, 2022 | $2.0M Seed | Inventure | |
| Jan 1, 2022 | $1.0M Seed | Antler, Balderton Capital, EQT Partners, Iterative, Douglas Stark |