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    MusiXmatch aims to make online lyrics legal with new €400k round

    Stefano Bernardi

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    Stefano Bernardi works on Platform at Betable. He previously worked at dPixel, a seed stage venture capital firm, giving the opportunity to entrepreneurs to build kick ass web businesses. He does some occasional angel investing and advises startups on product and strategy. His most recent project is SaveMyInbox, a service to automatically save your Gmail attachments to Dropbox. He was the founder and... → Learn More

    Thursday, July 29th, 2010
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    MusiXmatch, a “lyrics in the cloud” company, has announced €400k of new seed funding.

    The Italian company is tackling the online music lyrics space, and whilst there are already tons of websites offering free lyrics, very few, if any, actually have the rights to do so. Additionally, Max Ciociola, MusiXmatch’s founder and CEO noticed that the word “lyrics” is one of the most searched for terms on Google in the US and worldwide.

    This new seed investment come from Francesco Micheli Associati, a fund that has already financed some of the best Italian home-runs including GiocoDigitale (sold to Bwin) and Born4Shop (now merged with SaldiPrivati, with tens of millions of revenues). MusiXmatch previously received a €150k seed round from a former Dada executive. The new capital will be used to further develop the product; a Round A is also said to be in negotiation.

    The goal is to build the most extensive legal lyrics database on the planet and feed it to other websites via an API. The strategy is to keep the system open — 3rd parties can plug their data into musiXmatch’s metadata platform and musiXmatch will track, clear and monetize each lyric view on their behalf.

    The Bologna-based company says it’s closing deals worldwide with music majors to gain the right for lyrics. The DB as of today counts more than 4m matched lyrics and is believed to be the biggest available.

    The distribution model will be based on cloud APIs and the business model will be ad-based and include a revenue sharing deal.

    CrunchBase Information
    MusiXmatch
    Information provided by CrunchBase
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    • Frank Bloon

      Finally somebody got how to manage Lyrics content in this crowded and illegal Lyrics’ world.

      Congrats

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      I like this idea. I hope other companies start doing this as well.

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    • Luigi campo

      Finally another great idea f rom max ciociola . Good luck !

    • http://www.reverselookphone.com Reverse Phone Trace

      I didn’t know posting lyrics on the internet was illegal. Oh well.

    • http://www.vyralmusic.com/2010/09/musixmatch-next-generation-song-lyrics-api/ musiXmatch: next generation song lyrics API : Vyral Music

      [...] for distribution. The company has partnered with MusicBrainz to help acquire metadata, and recently raised 400K EUR (about 500K USD). While musiXmatch is presently a restricted alpha product, additional [...]

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    • http://www.makenoise.co.za/musixmatch-an-imdb-for-legal-song-lyrics-raises-3-7-million-to-expand-globally/ musiXmatch, An IMDB For Legal Song Lyrics, Raises $3.7 Million To Expand Globally | MakeNoise : MakeNoise

      [...] lyrics platform. The round was led by Italian investor Francesco Micheli Associates. musiXmatch adds to the prior $700K it has raised in seed funding from both Francesco Micheli and a former Dada [...]

    • http://technoearth.co.cc/musixmatch-an-imdb-for-legal-song-lyrics-raises-3-7-million-to-expand-globally musiXmatch, An IMDB For Legal Song Lyrics, Raises $3.7 Million To Expand Globally | Techno Earth

      [...] lyrics platform. The round was led by Italian investor Francesco Micheli Associates. musiXmatch adds to the prior $ 700K it has raised in seed funding from both Francesco Micheli and a former Dada [...]

    • http://www.technotree.org/musixmatch-an-imdb-for-legal-song-lyrics-raises-3-7-million-to-expand-globally/ musiXmatch, An IMDB For Legal Song Lyrics, Raises $3.7 Million To Expand Globally

      [...] lyrics platform. The round was led by Italian investor Francesco Micheli Associates. musiXmatch adds to the prior $700K it has raised in seed funding from both Francesco Micheli and a former Dada [...]

    • http://foodstuff47.foodswithlowfat.com/?p=1297 musiXmatch, An IMDB For Legal Song Lyrics, Raises $3.7 Million To Expand Globally | foodswithlowfat.com

      [...] lyrics platform. The round was led by Italian investor Francesco Micheli Associates. musiXmatch adds to the prior $700K it has raised in seed funding from both Francesco Micheli and a former Dada executive. Lyrics [...]

    • http://www.24technologynews.com/top-news/musixmatch-an-imdb-for-legal-song-lyrics-raises-3-7-million-to-expand-globally musiXmatch, An IMDB For Legal Song Lyrics, Raises $3.7 Million To Expand Globally : 24 Technology News

      [...] lyrics platform. The round was led by Italian investor Francesco Micheli Associates. musiXmatch adds to the prior $700K it has raised in seed funding from both Francesco Micheli and a former Dada [...]

    • http://www.bitmag.com/2011/05/09/musixmatch-an-imdb-for-legal-song-lyrics-raises-3-7-million-to-expand-globally/ musiXmatch, An IMDB For Legal Song Lyrics, Raises $3.7 Million To Expand Globally | Bitmag

      [...] lyrics platform. The round was led by Italian investor Francesco Micheli Associates. musiXmatch adds to the prior $700K it has raised in seed funding from both Francesco Micheli and a former Dada [...]

    • http://www.tech2up.com/tech/?p=90512 musiXmatch, An IMDB For Legal Song Lyrics, Raises $3.7 Million To Expand Globally | Tech 2 Up

      [...] lyrics platform. The round was led by Italian investor Francesco Micheli Associates. musiXmatch adds to the prior $700K it has raised in seed funding from both Francesco Micheli and a former Dada [...]

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