RoyaltyShare Boosts Funding By $4M

San Diego-based RoyaltyShare, a provider of digital music royalty tracking services, said today that it has raised $4M in a Series B funding round. The new funding came from Bertelsmann Digital Media Investments and Trident Capital. The additional capital from Bertelsmann comes on top of $5M from Trident in the Series B, which was originally announced in April. RoyaltyShare said that the funding will go towards enhancing its software-as-a-service platform, and to expand its royalty and content management offerings to other media industries. Richard Sarnoff of BDMI is joining the firm's board as part of the funding. The new investment will boost total capital invested in the firm to $11.5M. More information »