Loading organizations...
Trqk develops a music royalty intelligence platform that provides detailed analytics and insights into performance royalties. This software empowers users to track, identify, and comprehend their earnings, applying data analysis to streamline the often-complex process of royalty management within the music industry. The platform offers solutions for harnessing performance royalty data, aiming to bring greater clarity and efficiency to financial aspects for music rights holders.
The company was established in 2018, originating from the need for more transparent and efficient royalty administration. David Della Santa is among its co-founders, serving as the Chief Creative Officer, indicating an early focus on innovative solutions for the creator economy. The foundational insight was the existing friction and opacity in music royalty systems, prompting the creation of a tool to simplify and optimize these critical financial flows for industry stakeholders.
Trqk primarily serves various participants within the broader music creator economy. Its overarching vision is to significantly elevate the music industry's collective royalty intelligence, fostering a modern and more equitable approach to licensing and administration. By empowering creators and rights holders with enhanced understanding and control over their royalties, Trqk aims to build a more transparent and financially sound future for music professionals.
Trqk has raised $1.0M across 1 funding round.
Trqk has raised $1.0M in total across 1 funding round.
Trqk is a startup technology company building TrqkIQ, a Music Royalty Intelligence platform that simplifies performance royalty management for the music creator economy.[1][3][4] It serves composers, songwriters, publishers, PROs (Performing Rights Organizations like ASCAP, BMI, SESAC), and music users by transforming complex PRO statements and audio tracks into actionable insights using data science, business intelligence, and Audio Content Recognition (ACR) technology.[1][2][3] The platform solves key problems like clunky PDF/spreadsheet analysis, missed royalty claims, inefficient auditing, and unbalanced licensing negotiations, enabling users to track royalties in real-time, detect unpaid performances globally across 22 countries, visualize trends, and uncover new revenue streams.[1][3][4] Currently focused on US performance royalties with free trials and basic global on-air detection, Trqk shows early momentum through its blog tutorials, customer testimonials, and plans for geographic and royalty-type expansion.[1][3]
Trqk emerged from a team of musicians, music executives, technologists, and company builders passionate about the music creator economy, driven by their firsthand experience in the industry.[3][4] The idea stemmed from recognizing that music royalties are notoriously difficult to understand, licensing is outdated, information imbalances harm negotiations, and the shift from broadcast to digital threatens creators' incomes—prompting a modern data-driven solution.[1][4] Early traction builds on preloadable PRO statements and track catalogs for instant visuals, with the platform launching support for ASCAP, BMI, and SESAC, plus global ACR for on-air detection regardless of PRO affiliation.[3] Pivotal moments include the rollout of TrqkIQ's free tier and blog resources like video tutorials and expert advice, positioning it as a timely tool amid rising music catalog trading and NFT trends.[1][3]
Trqk rides the music creator economy boom, where data analytics finally catches up to sectors like finance, unlocking insights from royalty "treasure chests" amid all-time-high catalog trading and emerging NFT monetization.[3] Timing aligns with digital streaming's disruption of traditional broadcast royalties, creating urgency for tools that bridge information gaps and modernize outdated licensing.[4] Favorable market forces include PRO data availability, ACR advancements, and demand for efficiency as composers face income threats from broadcast-to-digital shifts.[1][4] By democratizing royalty intelligence, Trqk influences the ecosystem through empowered negotiations, reduced intermediaries, fewer missed claims, and cross-industry sync deal optimization, fostering a more equitable music industry.[1][2][4]
Trqk is poised to scale as the go-to royalty platform, with expansions into new geographies, royalty types, and features like enhanced NFT/catalog analytics driving adoption among creators and publishers.[3] Trends like AI-driven music tools, global streaming growth, and creator monetization will amplify its impact, potentially integrating with PRO systems or licensing marketplaces. Its influence could evolve from niche intelligence provider to ecosystem standard, directly boosting creator revenues in a data-empowered music economy—transforming royalty complexities into competitive edges, much like TrqkIQ's core promise of unlocking hidden paths to prosperity.[1][3]
Trqk has raised $1.0M across 1 funding round. Most recently, it raised $1.0M Seed in May 2019.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| May 1, 2019 | $1M Seed | — | Security Leadership Capital | Announced |
Trqk has raised $1.0M in total across 1 funding round.
Trqk's investors include Security Leadership Capital.
