Evolution Media co-led a series A round for the music royalties management service, which already counted AOL and Three Six Zero as investors.
US-based entertainment royalties collection service Stem Disintermedia has secured $8m in a series A round co-led by corporate-backed investment partnership Evolution Media, TechCrunch reported yesterday.
Evolution, a joint venture by talent agency CAA, film producer Participant Media and private equity group TPG, co-led the round with venture capital firm Aspect Ventures, while VC firm Upfront Ventures and undisclosed existing investors also participated.
Stem tracks and manages royalty payments for musicians across a range of areas, organising a traditionally complex process…
