- Companies
- Musicow
Musicow Valuation, Funding & Investors
Musicow is valued at $672M as of April 2022.
Last Musicow valuation
$672M
Series D · Apr 2022
Last Musicow funding round
$45M
Series D · May 2023
Cumulative funding Musicow raised
$148M
across 5 funding rounds
Key investors in Musicow
LB Investment
STIC Investments
Korea Growth Investment Corporation
Korea Development Bank
Premier Partners
Midas Doang-A Investment
About Musicow
Musicow is a Seoul-based marketplace for trading fractional copyrights in K-Pop songs. Investors buy and sell stakes via public auctions or fixed-price listings, with royalties distributed proportionally. The platform verifies ownership through blockchain and partners with Korean labels for catalog access. Launched in 2021, Musicow democratizes funding for idol groups and producers in the $10 billion K-Pop sector.
Founded
2016
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Commission
Valuation
$672M (Apr 2022)
Musicow Valuation
Musicow is currently valued at $672M, based on its Series D in April 2022.
The $81M round was led by STIC Investments.
Musicow valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Apr 2022 | Series D | $672M |
Musicow Funding History
Musicow has raised a total of $148M across 5 funding rounds.
Musicow's first fundraising round was a $6M Series B in April 2020. The most recent completed round was a $45M Series D in May 2023.
Musicow funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| May 2023 | Series D | STIC Investments (lead) | $45M | - | Musicow is a South Korean music copyright trading platform founded in 2016 that enables fractional ownership and trading of music copyrights as securities, designated as an innovative financial service by Korea’s Financial Services Commission in 2022. It launched its online beta in 2017 and has expanded into music revenue securities described as intangible property rights trust beneficiary securities. On May 23, 2023, Musicow secured approximately 60 billion KRW ($45.6-46 million USD) in funding led by STIC Investments, described as an additional investment from the Seoul-based venture capital and private equity firm. This follows earlier investments, with STIC noted as an existing investor providing follow-on capital. Musicow has pursued international growth, launching in the US in 2022 with KRW 6 billion (~$4.2 million) from Hanwha Systems and achieving milestones like its first US music equity offering in 2025 backed by Kelly Clarkson’s copyright, fully subscribed under SEC Regulation A+. In early 2025 reports, Roc Nation planned a $5 million investment for a 20% stake, becoming the second-largest shareholder. |
| Apr 2022 | Series D | STIC Investments (lead) | $81M | $672M | Musicow is a music copyright trading platform that enables trading and licensing of music copyrights, attracting young individual investors in Korea and positioning itself to reshape the music industry's copyright landscape. In early 2022, STIC Investments injected $168 million into Musicow, valuing the company at $671.7 million as a pre-unicorn, amid a heyday for Korea's startup ecosystem where VCs sought next unicorns. This round highlighted Musicow's potential in the music sector, with significant capital from a prominent Korean investor. The investment came prior to a later $46 million funding round led by STIC Investments announced on May 23, 2023, which supported global expansion, technological enhancements including machine learning, team growth, and catering to musicians, labels, and content creators. Funds from investments were aimed at platform development and market dominance in music licensing. Competitive context involves Korea's booming startup scene in 2021-2022, with Musicow emerging as a key player in music tech. |
| Jun 2021 | Series C | Korea Growth Investment Corporation; WYSIWYG Studios; Korea Development Bank; LB Investment | $15M | - | - |
| May 2020 | Pre-seed | Korea Growth Investment Corporation | $800K | - | - |
| Apr 2020 | Series B | Midas Doang-A Investment; Premier Partners; LB Investment | $6M | - | - |
Who has invested in Musicow?
7 investors have backed Musicow across its funding rounds, including LB Investment, STIC Investments, Korea Growth Investment Corporation, Korea Development Bank, Premier Partners and Midas Doang-A Investment.
Lead investors include STIC Investments.
Musicow Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Apr 2022 | ||
| 2 | Participant | May 2020 | ||
| 2 | Participant | Apr 2020 | ||
| 1 | Participant | Apr 2020 | ||
| 1 | Participant | Jun 2021 | ||
This data is available for Pro users. Sign up to see all 7 Musicow investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Musicow
Musicow has acquired 1 company to date.
Last acquisition by Musicow was on January 16th 2024. Musicow acquired MPMG for $11M.
Latest Acquisitions by Musicow
| Description | MPMG is a Seoul-based music company promoting domestic artists and live events in South Korea. The firm manages labels, publishing, and concert production for K-pop and indie acts. It contributes to festival lineups and artist tours nationwide. MPMG operates studios and distribution channels enhancing the local music ecosystem. |
| HQ Country | |
| HQ City | Seoul |
| Deal Date | 16 Jan 2024 |
| Valuation | $11M |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Musicow acquisitions and their M&A valuation multiples. Start Free Trial | |
Musicow Competitors
Musicow competitors include listed companies like Indokripto Koin Semesta and Rhino Bitcoin, and private ones like Galaxy, Rilla, Mythical Games and Elliptic.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $201M | - | $680M | 3.4x | ||
| Private | $40M | - | $737M | 18.4x | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $670M | - | ||
| Publicly listed | $16M | $7M | $609M | - | ||
| Publicly listed | $478K | ($417K) | $594M | - |
Musicow Public Comps
Musicow is still privately-owned, but its public comps include Reservoir Media, Indokripto Koin Semesta, YG Entertainment, Rhino Bitcoin, BitGo Holdings, Tips Music, HashKey Holdings, Stewards, JYP Entertainment and Saregama India.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $176M | $68M | 6.1x | 5.9x | 15.7x | 14.2x | |||
| $16M | $7M | 36.9x | - | 81.1x | - | |||
| $397M | $73M | 1.3x | 1.2x | 7.1x | 7.4x | |||
| $478K | ($417K) | 1242.8x | - | (1423.4x) | - | |||
| $16B | ($9M) | 0.1x | 5.5x | (125.1x) | 125.4x | |||
| $39M | $30M | 21.7x | 19.3x | 28.5x | 27.5x | |||
| $92M | ($109M) | 6.4x | - | (5.4x) | - | |||
| - | - | - | - | - | - | |||
This data is available for Pro users. Sign up to see all Musicow competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Musicow
| When was Musicow founded? | Musicow was founded in 2016. |
| Where is Musicow headquartered? | Musicow is headquartered in Seoul, South Korea. |
| Is Musicow publicly listed? | No, Musicow is a private, VC-backed company. |
| What is Musicow's valuation? | Musicow was last valued at $672M in its Series D in April 2022. |
| How much funding has Musicow raised? | Musicow has raised $148M across 5 funding rounds. |
| What was Musicow's last funding round? | Musicow's last funding round was a $45M Series D in May 2023, led by STIC Investments. |
| Who are Musicow's investors? | Musicow's investors include STIC Investments, Korea Growth Investment Corporation, LB Investment, Midas Doang-A Investment, WYSIWYG Studios, Korea Development Bank and Premier Partners. |
| Which companies are comparable to Musicow? | Companies comparable to Musicow include Galaxy, Rilla, Mythical Games, Elliptic, Indokripto Koin Semesta and Rhino Bitcoin. |
| How many companies has Musicow acquired? | Musicow has acquired 1 company, including MPMG. |
| What was the largest acquisition by Musicow? | The $11M acquisition of MPMG in January 2024 is the largest acquisition Musicow has made to date. |
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