Total amount raised
$19 Millions
Latest funding date
5/1/2024
Location
gamma has successfully raised funds through private equity, attracting notable investors such as Alpha Wave Global and A24. The company is dedicated to revolutionizing the media and music industry by providing innovative solutions for artists to create, distribute, and monetize their content.
Keep reading to explore the intricacies of gamma's fundraising journey and the investors backing this transformative platform.
What Is gamma?
Founded in 2023, gamma is a modern media and music company headquartered in Los Angeles, California. The company was established by CEO Larry Jackson and President Ike Youssef.
Gamma focuses on revolutionizing the way artists create, distribute, and monetize their content and brands. They support artists in recording music, producing visual content, developing podcasts, and launching consumer products.
With a team of 51-100 employees, gamma operates globally, with offices in New York, London, Miami, Nashville, Lagos, Johannesburg, and Dubai.
How Much Funding Has gamma Raised?
- Seed Round
- Amount Raised: $7M
- Date: October 2021
- Lead Investors: Accel, Afore Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the company's initial operations and build a foundational team.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: May 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the company's capabilities and support early growth initiatives.
- Series A
- Amount Raised: $12M
- Date: May 2024
- Lead Investors: Accel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate innovation and expand the company's market presence.
Total Amount Raised: $19M
Current Valuation: Not publicly disclosed
Key Investors
- Alpha Wave Global
- Details: Alpha Wave Global is a global investment firm that focuses on long-term value creation. They have a diverse portfolio spanning multiple industries.
- Investment Focus Areas: Technology, healthcare, media, and entertainment.
- Notable Investments: Uber, Alibaba, ByteDance.
- A24
- Details: A24 is an independent entertainment company known for producing and distributing films and television shows. They have gained a reputation for supporting innovative and critically acclaimed projects.
- Investment Focus Areas: Film production, television production, media distribution.
- Notable Investments: Moonlight, Hereditary, Euphoria.
- Accel
- Details: Accel is a venture capital firm that partners with exceptional founders to build world-class companies. They have a strong track record in early-stage investments.
- Investment Focus Areas: Technology, internet, software.
- Notable Investments: Facebook, Dropbox, Slack.
- Afore Capital
- Details: Afore Capital is a venture capital firm that focuses on pre-seed and seed-stage investments. They aim to support founders at the earliest stages of their entrepreneurial journey.
- Investment Focus Areas: Technology, fintech, healthcare.
- Notable Investments: Modern Health, Petal, BetterUp.
- Eldridge Industries
- Details: Eldridge Industries is a private investment firm that manages a diversified portfolio of businesses. They are involved in a wide range of sectors, including media, sports, and real estate.
- Investment Focus Areas: Media, sports, real estate.
- Notable Investments: Los Angeles Dodgers, Dick Clark Productions, The Hollywood Reporter.
What's Next for gamma?
gamma is poised to capitalize on the burgeoning opportunities in music distribution technology and direct-to-consumer media services. With a strong technical foundation and a global perspective, the company is well-positioned to enhance its capabilities in music and media, described as a "large-scale opportunity" by Alpha Wave Global's Rick Gerson.
Future fundraising opportunities seem promising, given the strategic investments from Alpha Wave Global, Eldridge Industries, and Apple. However, gamma will need to navigate the challenges of maintaining rapid growth, continuous innovation, and effective integration of new investments and partnerships. The company's momentum and strategic alliances suggest a bright future, potentially leading to further fundraising or acquisitions to support its expansion and innovation goals.
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