Stem Disintermedia, a US-based music distribution startup backed by mass media provider AOL’s BBG Ventures unit, has raised $4.5m from investors including venture capital firm Upfront Ventures and music manager Scooter Braun, the New York Times has reported. Stem had previously collected seed funding from entrepreneur Mark Cuban and $4.5m in a seed round backed by music management agency Three Six Zero Group, Upfront, Vayner Capital, Ludlow Ventures and angel investors including Braun in April 2016.
Marketing group WPP provided…
