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Beatdapp raises US$17M in new funding round and secures partnerships with Universal Music Group, SoundExchange, and Napster

Fasken
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Overview

Client

Beatdapp

On January 21, 2024, Beatdapp, a leading fraud detection company in the music industry, announced that it has secured strategic partnerships with Universal Music Group, SoundExchange, and Napster, and has also closed a US$17M funding round.

Proceeds from the funding will be invested in hiring key senior leadership as well as expanding its presence in new global markets. 

Beatdapp’s mission is to preserve the integrity economic wellbeing of the global music streaming industry.

A team comprised of Will Shaw, Hashim Ghazi and Veronique Poulin advised Beatdapp with respect to its funding and its securing of key partnerships. 

Jurisdictions

  • British Columbia
  • Canada
  • Ontario

Team

  • Will Shaw, Partner | Co-leader, Technology, Media and Telecommunications and Co-leader, Emerging Technology, Toronto, ON, +1 416 865 4554, wshaw@fasken.com
  • Hashim Ghazi , Counsel, Toronto, ON, +1 416 868 3472, hghazi@fasken.com
  • Véronique M. Poulin , Associate, Toronto, ON, +1 416 865 5144, vpoulin@fasken.com