Music royalty tracking firm Beatdapp used this pitch deck to raise $2.4m in seed funding

ABOUT

Canada-based Beatdapp helps music labels collect royalties by providing real-time audit reports of their songs’ streaming play counts, which track the number of times a song is played on various music-streaming apps.

The startup calls itself the PwC (PricewaterhouseCoopers) for music play count. It has a tracking system that authenticates, verifies, and validates media streamed in real time and reduces the tracking discrepancies between digital service providers (DSPs) and rights holders. This helps increase royalty revenue for rights holders while limiting legal exposure, expensive audit costs, and lawsuits for DSPs.

Founded in 2018 by Andrew Batey, Morgan Hayduk, and Pouria Assadipour, the company aims to solve what it claims to be a US$4.5 billion problem in the music industry.

Beatdapp used this deck during 500 Startups’ demo day in 2019 where it secured US$2.4 million in seed funding.

Fundraising journey

• 2018: Undisclosed amount of pre-seed funding from Creative Destruction Lab
• 2019: US$2.4 million of seed funding led by Panache Ventures with participation from​ ​Maple VC,​ ​500 Startups​, and​ ​Hike Ventures​

How is the deck compelling?

• Beatdapp states its mission on the deck cover and immediately jumps into the major pain point in the music industry.
• The deck shows the number of opportunities both the company and the music industry can get by using its platform.
• The presentation concludes with Beatdapp’s key members and a brief summary of the numbers shown earlier in the deck.

SOURCE

Deck: Angel Match