About

Founded

2021

Headquarters

Austin, Texas

Industry

Music, Creators

Company Description

Royal is a marketplace that enables anyone to invest in music and earn royalties alongside artists. We believe the future of the music industry is one where fans and artists co-own music and participate in the financial upside together. We also believe in artists' freedom. Royal allows artists to retain independence and creative control as fans fuel their careers.

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Website Jobs

Funding

Total Raised

$71 million

Valuation

Undisclosed

Significant Investors

Founders Fund, Paradigm, Atomic VC, Andreessen Horowitz, Mantis VC, Nas, Logic, Kygo, Coinbase Ventures, Crush Music

Company Traction

As of July 2023, Royal has $156,000+ earned by collectors, $2.5 million raised for artists, and $7.5 million in music rights traded.

Leadership Team

Justin Blau: Co-Founder & CEO of Royal. Musician, Producer, and DJ.

JD Ross: Co-Founder & President of Royal. Former Co-Founder of Opendoor.

Carolyn Penner: Head of Operations at Royal. Former Director, Head of Americas Comms at Dyson.

Derek Kohn: Head of Product at Royal. Former Design Manager at Instagram.

Jerry Hsiang: Head of Finance at Royal. Former Head of Finance at Vertalo.

Press

Decrypt (November 17, 2022): 3LAU’s Royal Debuts Marketplace to Bring Music NFTs to the Masses

TechCrunch (November 22, 2021): NFT music rights startup Royal banks $55M investment led by a16z Crypto

TechCrunch (August 26, 2021): Founders Fund backs Royal, a music marketplace planning to sell song rights as NFTs

Royal