NewSpring invests in leading music technology platform and distributor Symphonic
January 04, 2022
NewSpring, a family of private equity strategies, announced today that NewSpring Growth, the Firm’s dedicated growth and expansion strategy, has invested in Symphonic in partnership with Ballast Point Ventures.
Symphonic is an independent music technology and distribution company
Founded in 2006 by music producer Jorge Brea, Symphonic provides global digital music and video distribution through a comprehensive and best-in-class technology platform, marketing planning and strategy, including playlist support, and a comprehensive suite of services for artists, record labels, managers, and distributors. Symphonic has worked with clients such as Surf Mesa, Stick Figure, CloZee, El Alfa, Juan Luis Guerra, Doechii, Curtis Roach, ALOK, Nick Murphy aka Chet Faker, and La Ross Maria among many others across a wide variety of genres worldwide.
The company is growing fast recruiting new artists domestically and abroad
This investment follows a string of exciting announcements for Symphonic, including partnerships with TIDAL and Joyner Lucas’s music start-up, Tully, as well as expansions into Africa and Mexico. Headquartered in Florida and with international presence in Africa, Brazil, Colombia, Dominican Republic, Mexico, Spain and more, Symphonic remains a 100% independent distribution and marketing company that continues to work with some of today’s most unique and innovative artists.
"On behalf of all of the team members of Symphonic, I can’t put into words how excited we are about the next chapter. The partnership with NewSpring, along with our existing investor, Ballast Point Ventures, will help position Symphonic as a strong market leader in independent music technology, services, and distribution. This investment will enable us to invest more in our clients, our technology platform, strategic initiatives, intellectual property, and other acquisitions."
Symphonic’s patented catalog transfer technology serves as a key competitive advantage
Symphonic ensures a seamless, efficient, and accurate transfer of an artist’s catalogs to its platform, removing administrative friction caused by switching distributors. By addressing this common pain point, Symphonic’s proprietary technology offers the company a unique advantage over other distributors competing for new talent.
Symphonic is led by an innovative leadership team focused on pursuing rapid growth
Led by CEO Jorge Brea, Symphonic’s leadership team is comprised of seasoned industry veterans with the technological expertise and industry connections needed to fuel the company’s continued fast growth.
“As the global trend toward streaming continues to guide the future of the music industry, Symphonic’s distribution platform offers independent artists the tools needed to supercharge their careers and expand their reach. We’ve been impressed for a long time with what Jorge and the team are building at Symphonic, everything from their patented technology to their incessant focus on putting the independent artist first. We look forward to working closely with Jorge and Ballast Point Ventures to broaden its offering and help Symphonic reach even higher levels of growth."