Fintech PR
Duetti Secures $114M in New Funding to Expand Independent Artist Catalog Acquisitions and Drive Strategic Growth
Data-driven music platform has raised over $235M in just over two years and is now introducing the first-ever asset-backed securitization (ABS) transaction backed by indie artists’ music
NEW YORK, Oct. 29, 2024 /PRNewswire/ — Duetti, a music platform democratizing catalog monetization for independent artists, today announced it has raised $114 million in new funding. This includes $34 million in equity financing led by Flexpoint Ford, along with participation from existing investors Nyca Partners and Viola Ventures. Additionally, Duetti successfully completed its inaugural $80 million privately rated asset-backed securitization (ABS) transaction, backed by a highly diversified music rights catalog. Barclays acted as the sole structuring and placement agent for the ABS.
“We believe we are leading the way in educating the capital markets on the significant long-term value of the independent music sector,” said Lior Tibon, CEO and Co-Founder of Duetti. “The number of independent artists is growing at an unprecedented rate, and Duetti is here to ensure they have access to differentiated financing solutions. Duetti will now be able to utilize more diverse and efficient financing sources, enabling us to significantly expand and offer more funding options for independent artists, outside of the major label ecosystem.”
The company aims to use the proceeds from its new funding to accelerate its acquisition of music catalogs and expand its proprietary forecasting, pricing, sourcing, and marketing technology, offering artists even better data-driven deals with fast turnarounds and impactful catalog management. Duetti is rapidly developing marketing and optimization capabilities, with programs such as a playlist network of close to two million followers on Spotify, proprietary channels on YouTube, as well as ongoing remix launches and sync placements in TV shows, films and advertisements. These initiatives increase the visibility of Duetti’s artist partners and grow their audience across all major digital platforms.
“We are proud to support the Duetti team, one of the fastest growing music rights companies in recent years, and their innovative approach to music financing as they continue to empower independent artists,” said Mike Morris, Managing Director at Flexpoint Ford. “We see tremendous potential in their ability to provide scalable, data-backed solutions that address the evolving needs of musicians today and are looking forward to the company’s exciting growth plans.”
Flexpoint is a private equity firm focused on the financial services and healthcare sectors, offering tailored and flexible capital solutions to its partner companies. The investment was made through Flexpoint’s Asset Opportunity Fund, which leverages the firm’s expertise in financial services and private equity to invest in opportunistic asset-driven investments across financial services subsectors and assets, including music.
Duetti has partnered with over 500 artists to date across genres, based in over 30 countries, including MC Delux, SadBoyProlific, and Savannah Dexter. Artists have been able to secure immediate access to the funds needed to support their careers by selling master catalogs, individual tracks, or portions thereof, in deals typically ranging from $10,000 to $3 million per artist. In addition to immediate access to capital, the company’s optimization services have helped artists maximize distribution and audience impact across all platforms, driving significant increases in streams and visibility.
“Duetti has completely changed the game for me as an independent artist,” said FTO Sett, Memphis-based rapper and Duetti Artist Partner. “Not only has my partnership with Duetti allowed me to fund new projects, but the team is also optimizing my profile across streaming services to help reach a brand new audience and bring new opportunities to the table – some of my tracks saw 3x increase in streams since I partnered with Duetti. It’s hard to find a company that feels like a true partner, but Duetti has been just that for me.”
Artists with tracks that have been on streaming platforms for at least 2 years, and have garnered at least 500,000 streams in the last 12 months can learn more about master sale opportunities on Duetti.co.
About Duetti
Duetti was founded by Lior Tibon, former COO of TIDAL, and Christopher Nolte, former Business Development executive at Apple Music, with the mission of getting a wide range of artists quick and easy access to catalog sales and unlocking new investment opportunities. Leveraging their experience in streaming and support from innovative music and technology investors including Flexpoint Ford, Nyca Partners, Viola Ventures, and Roc Nation, Duetti’s music platform has helped over 500 artists receive up to $3 million per transaction. The proprietary model provides data-driven prices for established tracks, allowing artists to sell individual tracks or even parts thereof, while Duetti then markets those tracks going forward using proprietary ROI-focused techniques.
About Flexpoint Ford
Flexpoint Ford is a private equity investment firm that has approximately $8.3 billion of regulatory assets under management and specializes in privately negotiated investments in the financial services and healthcare industries. Since the firm’s formation in 2005, Flexpoint Ford has completed investments across a broad range of investment sizes, structures, and asset classes. Flexpoint Ford has offices in Chicago, Illinois, and New York, New York.
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RIYADH, Saudi Arabia, Jan. 6, 2025 /PRNewswire/ — Zoomlion Heavy Industry Science & Technology Co., Ltd. (“Zoomlion”, 1157.HK) successfully hosted a key account networking and technology launch event on December 19 in Riyadh, Saudi Arabia, unveiling 24 localized innovative products and several intelligent construction solutions. The event showcased Zoomlion’s commitment to advancing its globalization strategy and strengthening partnerships in the Saudi market.
The event featured the launch of 24 products across seven major construction equipment categories, including mobile cranes, tower cranes, concrete, earthmoving, aerial work platforms, industrial vehicles and more. Alongside these innovations, the company introduced three intelligent solutions tailored for mining, nuclear plants, and infrastructure projects, as well as five core intelligent systems.
At the event, Zhan Chunxin, Chairman and CEO of Zoomlion, engaged with clients on product quality, service efficiency, and spare parts support. He also visited local construction project sites, connecting closely with local clients. His visit reinforced the company’s dedication to deepening collaboration and meeting the evolving needs of the Saudi market.
Zoomlion has designed its products with precise adaptability according to the environment and working conditions to meet local needs. The fully tested and verified products also take the Saudi drivers’ control routine habits into consideration to elevate the operating experience.
Clients expressed their confidence in Zoomlion’s capabilities, with Shawaf, Vice President of SHAWAF Company, highlighting their decade-long partnership as a testament to the mutual trust and success shared by both parties. He stated that the event was a great opportunity to connect with more industry peers and he hopes SHAWAF and Zoomlion can further strengthen their cooperation and achieve win-win success.
Zoomlion has been a key player in the Saudi market since entering the region in 2006. In 2021, the company established a local subsidiary and developed a comprehensive service network comprising 16 branches under its “1+11+4” structure. This framework enables full-coverage services, timely technical support, and efficient spare parts supply, further solidifying its reputation as a trusted partner in the region. Over the years, Zoomlion’s strategic presence has contributed to its sustained growth and strengthened its relationships with clients.
The Saudi market serves as a pivotal region for Zoomlion’s global strategy and a critical platform for advancing localized technology and achieving mutual growth. Through continued innovation in products and services, Zoomlion aims to deliver superior experiences to customers in Saudi Arabia and neighboring regions, reinforcing its competitive edge.
View original content:https://www.prnewswire.co.uk/news-releases/zoomlion-accelerates-global-expansion-with-localized-innovations-in-saudi-arabia-302342704.html
Fintech PR
Hyundai Motor Group Executive Chair Euisun Chung Outlines 2025 Vision Driven by Commitment to Innovation, Overcoming Challenges, and Creating Opportunities in New Year’s Message
- Hyundai Motor Group celebrates New Year at Hyundai Motorstudio Goyang, emphasizing open communication with employees at flagship space
… Executive Chair Euisun Chung highlights the need to face challenges head on at 2025 New Year’s Remarks, strengthening the Group’s vision
… Key HMG executives held ’roundtable’, discussing the future global business environment and the Group’s vision following questions from employees - Executive Chair Chung underscores the need for perspective in facing difficulty, emphasizing innovation and overcoming challenges is part of the Group’s DNA
… Preparation and fundamental capabilities are key Hyundai Motor Group assets to help navigate and embrace change
… Agile responses to unexpected challenges through flexible processes and a culture of unified action to achieve collective goals - Open culture where talent can thrive and teamwork is further strengthened to underscore the Group’s resilience and focus on opportunities for growth
… Ensuring an environment where creative and enthusiastic individuals can demonstrate their capabilities to the fullest
… Investment in key business areas and strategic collaboration with partners
SEOUL, South Korea, Jan. 6, 2025 /PRNewswire/ — Hyundai Motor Group (the Group) today held its annual New Year’s Address, with Executive Chair Euisun Chung outlining the Group’s focus for 2025: overcoming challenges through a commitment to innovation, embracing change, and further strengthening teamwork.
Held at Hyundai Motorstudio Goyang, near Seoul, this year’s event adopted a new format to drive in-depth dialogue among attendees, discussing the global business environment for the year ahead and the Group’s strategic direction.
Executive Chair Chung began by thanking Hyundai Motor Group employees around the world. “We achieved a lot last year,” he said. “These achievements were the result of your tireless efforts to deliver the quality, trust and experience our customers expect. I extend my deepest gratitude to you all.”
He continued by emphasizing the importance of facing both internal and external challenges over the year ahead, as well as the potential for global growth across the Group’s operations by overcoming adversity through its commitment to innovation, further strengthening teamwork, and a proactive approach to creating future opportunities.
“Innovation is in Hyundai Motor Group’s DNA. If we continue to embrace change and pursue innovation, we can overcome any test or difficulty we may face,” said Executive Chair Chung.
Executive Chair Chung also reinforced Hyundai Motor Group’s resilience and its ability to further strengthen its position as a global mobility leader by looking for opportunities in every challenge.
“There is no need to be intimidated by uncertainties ahead. Without challenges, we risk becoming complacent, which presents a bigger danger. We cannot assume success in 2025 simply because of our strong performance last year. But we should also not be pessimistic as a defensive mindset can stifle innovation. Challenges can sharpen awareness and drive action – Hyundai Motor Group has successfully navigated challenges in the past and emerged stronger. We will do the same again.”
Addressing challenges and creating opportunities
Executive Chair Chung categorized two types of challenges the Group is facing – ‘predictable’ and ‘unexpected’ – and outlined strategies for overcoming both.
He stressed that thorough preparation is key in overcoming predictable challenges, adding that “It’s not simply about eliminating risks, but about a comprehensive understanding of the background, context, and historical trends to create opportunities for future growth.”
Chung continued by highlighting the importance of fundamental capabilities as a key factor in addressing unexpected challenges, including flexible and open processes, a culture of objective analysis and agile response, and continuous, unified action to achieve the Group’s shared goals.
With the appointment of José Muñoz as Hyundai Motor’s first non-Korean CEO, Executive Chair Chung emphasized this milestone as “a clear expression of our commitment to innovation”, reiterating the Group’s dedication to creating a global culture where talented individuals are recognized and can thrive regardless of their nationality, gender, seniority or background.
Executive Chair Chung closed the Group’s 2025 New Year’s Address by highlighting that “We must expand our strong commitment to innovation,” linking leadership in industrial change and technological development, strategic investment in core areas for the Group, and collaboration with other partners when necessary.
“Our greatest asset is our people. Their talent and resilience mean we do not retreat when we face adversity – we innovate,” said Executive Chair Chung, closing the roundtable. “We embrace challenges as opportunities to grow stronger and to shape a brighter, more sustainable future. We will continue to work together in 2025 to further strengthen Hyundai Motor Group’s collective vision.”
More information about Hyundai Motor Group can be found at: http://www.hyundaimotorgroup.com
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Fintech PR
Brewing Connections and Spotlighting Café Culture: MIFB 2025 Hosts MNCC in Collaboration with MSCA
KUALA LUMPUR, Malaysia, Jan. 6, 2025 /PRNewswire/ — The Malaysian International Food and Beverage Trade Fair (MIFB) proudly announces its partnership with the Malaysia Specialty Coffee Association (MSCA) to host the Malaysia National Coffee Championship (MNCC) from 2025 to 2027. This collaboration highlights MIFB’s commitment to fostering the country’s café culture while introducing the Malaysia Café Expo, a dedicated platform for coffee and tea innovations.
Aligned with the theme Future-Ready F&B: Serving the Evolution of Trends, MIFB 2025 focuses on specialty coffee, Ready-To-Eat (RTE) and Ready-To-Cook (RTC) products, and digital advancements in the F&B industry. Scheduled for 30 July–1 August 2025 at the Kuala Lumpur Convention Centre, the event will feature local and international exhibitors, alongside the semi-finals and finals of the MNCC. This prestigious competition celebrates Malaysia’s specialty coffee talent, bringing baristas, brewers, and coffee tasters to the forefront.
Kelvin Ngow, President of MSCA, remarked, “Our café culture has undergone a robust evolution, driven by a new generation of coffee enthusiasts. Through the MNCC and our partnership with MIFB, we aim to elevate local talent and showcase Malaysia as a global coffee player.“
The café sector’s growth reflects Malaysia’s ability to blend global trends with local flavours. Brands like Boncafe and Da Di Coffee exemplify this harmony, combining specialty coffee with the traditional kopi culture. The Malaysia Café Expo, co-located with MIFB 2025 and MyFoodTech 2025, aims to amplify these efforts, offering a platform for exhibitors in coffee, tea, and related industries.
Paul Lee, Chief Executive, Markets, Constellar, added, “Our partnership with MSCA strengthens MIFB’s role in connecting businesses, communities, and cultures. Hosting MNCC underscores our dedication to fostering innovation and resilience in the F&B sector while promoting Malaysia’s vibrant café scene.“
MIFB 2025 positions itself as a catalyst for collaboration, innovation, and growth across Malaysia’s F&B and café industries, reinforcing the nation’s leadership in the regional food and beverage landscape.
Read the full press release here. For more information on MIFB 2025 or to register as an exhibitor, please visit https://mifb.com.my.
About MIFB
Organised by Constellar, MIFB is Malaysia’s premier food and beverage trade event, connecting local and international players across the supply chain to explore solutions and drive industry growth.
About Constellar
Constellar, Asia’s premier MICE partner, curates events and connects global networks for sustainable growth, managing Singapore EXPO and fostering innovation across key industries.
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View original content:https://www.prnewswire.co.uk/news-releases/brewing-connections-and-spotlighting-cafe-culture-mifb-2025-hosts-mncc-in-collaboration-with-msca-302340111.html
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