Jingle Punks Music LLC, a New York-based music publishing and technology company, has completed a “substantial” equity financing. The financing, which was sponsored by Hammerline Capital, a New York-based private equity investment company, included veterans from the music and technology industries.
The new capital will enable the company to develop its products, strategic content partnerships, and expand abroad.
Founded in August, 2008 by Jared Gutstadt (a.k.a. “Jingle Jared”) and Dan Demole (CTO), Jingle Punks is a fast growing resource for indie, production, and high-quality custom music. It is currently providing music for use in television, film, advertising, and interactive to clients across the media and entertainment industries.
The client list currently include ABC, NBC, Comedy Central, Vh1, MTV, Bravo, TLC, Starz, History Channel and A&E.
Commenting on the round, Jared Gutstadt, CEO of Jingle Punks, was quoted as saying: “With this new financing, we are in a place to do the heavy lifting for some long-term strategic partnerships we are currently exploring with some huge and game-changing brands.
“We plan to announce several of these deals within the next twelve months”, he added.
The company has also established a strategic advisory board that includes Steve Kofsky of New Remote Publishing and Spencer Hyman, strategy consultant and former COO of Last.FM.
FinSMEs
24/05/2010