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

Musicow Overview

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

South KoreaSeoul

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

Musicow valuation by funding round
DateStageValuation
Apr 2022Series 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

Musicow funding rounds
DateStageInvestorsRaisedValuationDeal Summary
May 2023Series DSTIC 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 2022Series DSTIC Investments (lead)$81M$672MMusicow 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 2021Series CKorea Growth Investment Corporation; WYSIWYG Studios; Korea Development Bank; LB Investment$15M--
May 2020Pre-seedKorea Growth Investment Corporation$800K--
Apr 2020Series BMidas 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

Investors in Musicow by funding rounds participated
InvestorHQRoundsRoleFirst check
STIC InvestmentsSouth KoreaSeoul2LeadApr 2022
Korea Growth Investment CorporationSouth KoreaSeoul2ParticipantMay 2020
LB InvestmentSouth KoreaSouth Korea2ParticipantApr 2020
Midas Doang-A InvestmentSouth KoreaSeoul1ParticipantApr 2020
WYSIWYG StudiosSouth KoreaSouth Korea1ParticipantJun 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

Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.

Start Free Trial

Acquisitions 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

MPMG
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 CountrySouth Korea
HQ City
Seoul
Deal Date16 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.

Public and private companies comparable to Musicow
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
GalaxySouth KoreaSeoulPrivate$201M-$680M3.4x
RillaUAEAbu DhabiPrivate$40M-$737M18.4x
Mythical GamesUnited StatesLos Angeles, CAPrivate--$1B-
EllipticUnited KingdomLondonPrivate--$670M-
Indokripto Koin SemestaIndonesiaIndonesiaPublicly listed$16M$7M$609M-
Rhino BitcoinUnited StatesUnited StatesPublicly 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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Reservoir Media$176M$68M6.1x5.9x15.7x14.2x
Indokripto Koin Semesta$16M$7M36.9x-81.1x-
YG Entertainment$397M$73M1.3x1.2x7.1x7.4x
Rhino Bitcoin$478K($417K)1242.8x-(1423.4x)-
BitGo Holdings$16B($9M)0.1x5.5x(125.1x)125.4x
Tips Music$39M$30M21.7x19.3x28.5x27.5x
HashKey Holdings$92M($109M)6.4x-(5.4x)-
Stewards------

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.

See companies similar to Musicow

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial