Core music industry funding saw a significant uptick in October 2024, reaching $1.13 billion across seven raises. However, year-to-date funding remains 68.4% lower than 2023, sitting at $3.16 billion compared to last year's $10 billion through October.

Key October 2024 Funding Highlights:

• Concord: $850 million (asset-backed securitization)
• Duetti: $80 million (securitization) + $34 million (equity)
• Bluesky: $15 million (Series A)

This funding boost was driven primarily by music IP investments, with nearly $1 billion coming from asset-backed securitizations. Notable earlier 2024 raises included Iconic Artists Group ($1 billion) and Duetti ($90 million venture round).

Despite the overall year-to-date decline in funding, music IP investments remain robust, suggesting continued strong activity in catalog acquisitions for 2025 and beyond. The sustained investment in this sector is particularly noteworthy given the finite nature of available music catalogs.

For comparison, October 2023 saw six rounds totaling $2.02 billion, though this included Anthropic's $2 billion raise. Excluding this non-core industry investment, October 2023's music industry funding was just $24.03 million, making October 2024's performance significantly stronger in core music industry terms.

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