RoyaltyShare Scores $5M

San Diego-based RoyaltyShare, a provider of royalty tracking services for the online music market, said today that it has raised $5M in a Series B venture capital round. The firm said that the funding was led by Trident Capital, and that it may raise additional funding as part of the round. RoyaltyShare also said it is still in discussions with potential strategic investors in the funding round. The new funding will go towards expansion of the firm's operations, including regional offices in Los Angeles, New York, and Europe. More information »