Tuesday, April 19, 2022

Stem Finds $20M For Music Payments

Los Angeles-based Stem, a startup which provides independent record labels with tools to help manage payments to music artists, has raised $20M in a new funding round, the company disclosed late Monday. The funding was led by QED Investors, and also included Block, Slow Ventures, and Quality Control. The company says it has now raised around $40M. The startup is led by co-founder and CEO Milana Lewis.