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Tracklib raises $1.7m to grow its music-samples business

Swedish startup Tracklib has raised $1.7m of funding, which it’s describing as a ‘bridge round’ ahead of a full Series A funding round later this year. Sony Innovation Fund, WndrCo, and serial music/tech investor Jörg Mohaupt (of Access Industries) all participated in the new round. Tracklib’s business is focused on sample-licensing for producers and artists, with a library of more than 100k tracks. “This recent investment demonstrates the belief forward-looking investors have in our solution to one of the most complicated challenges in the music business: how to make sampling accessible, legal and affordable to producers and artists in all stages of their careers,” said CEO Pär Almqvist. The round comes shortly after Tracklib teamed up with producer and rapper Inspectah Deck, who’s creating an album entirely made up of samples from the service – while running a contest to win a guest slot on the album.