Music Distribution Platform STEM Raises $20 Million in Fresh Funding

US-headquartered music distribution and payments platform STEM has confirmed that it’s raised a $20 million new round of funding. The investment is being led by QED Investors and Block Inc., significant venture capitalist firms in the fintech space.

Stem says that the new round of investment will help fund the next phase of its growth as it launches a “range of tools to artists and labels who want to gain greater control and transparency in their finances, no matter who they choose as a distribution partner”.


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For the past six years, Stem has distributed music on behalf of artists such as Brent Faiyaz, Melii, Wiz Khalifa, and Juicy J, as well as record labels like Big Loud. In addition to distribution, Stem also offers indie artists and labels financial tools that enable Stem clients to track their revenues, access capital, manage splits with collaborators, and automate payments.

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