October 15, 2019

Blockchain Music Startup Beatdapp Raises $3.2 Million, adds new Advisory Board Members

Vancouver-based ​Beatdapp Software, a startup using blockchain technology to validate digital content streams, has completed a $3.2 million CAD financing round.

The round was led by early-stage investor​ ​Panache Ventures​, which recently closed its inaugural fund at $58 million, and also saw contributions from​ ​Maple VC,​ ​500 Startups​, and​ ​Hike Ventures​. Beatdapp said this new capital will accelerate its market entry as well as the deployment of blockchain technology in the music industry. The $3.2 million combines both pre-seed and seed rounds, which included non-dilutive funding the company received in grants and awards. This was done because those rounds took place in quick succession within the past year, Beatdapp told BetaKit.

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