Artlist: Raises $48M led by KKR for its royalty-free music, video and sound effect library
- The funding is being led by KKR, with participation also from Elephant Partners, a VC out of Boston that has also backed Allbirds
- This is the first funding that Artlist has ever announced, although Elephant had backed it with a previously undisclosed amount previously
- The market gap that Artlist is tackling is a byproduct of how the internet used and evolving
- Artlist’s royalty-free model means that people pay subscription fees to Artlist to use its platform prices range between $149 and $599 per year
- The aim is to find the best piece of music, but also the best user experience when finding it, to make it fast and intuitive
- The company does not disclose how much its artists are making from the service
