Social Audio App Stationhead Announces $12 Million in Funding – Billboard
DIY radio station app Stationhead has received $12 million in funding from a group including a producer diploma, TMWRK (the management company of which Diplo is a client), Red Light Management, Round Hill Publishing, Avex Entertainment, Craig Kallman and Julie Greenwald of Atlantic Records, Kevin Liles of 300 Entertainment and Jason Flom of Lava Records.
This Series A funding round was led by Buttonwood Group Advisors. The money will be used to develop the global Stationhead platform and invest in engineering and user experience.
Stationhead has become a powerful tool for artists to boost streaming numbers since its launch in 2021. On the app, users tune into or host their own live radio stations with music and voice chat, and can bring a co-host and on-air listeners. The app automatically syncs with users’ paid subscription accounts on Spotify and Apple Music. Then, tracks played by station hosts are simultaneously streamed through each listener’s stream account, meaning each listener counts as a stream of that song.
Since its launch, the app has amassed 5 million users with 30,000 stations in 200 countries and has also attracted artists interested in its streaming potential. In May 2021, a total of 400,000 BTS fans joined a Stationhead streaming party for the group’s new single “Butter.” Hosted by a single user, Stationhead claims the event generated 5.4 million streams of the song during the session.
“Stationhead is the next evolution in online music,” says CEO and co-founder of Stationhead ryan star. “By building this with great empathy for artists and fans, we’ve become the next generation’s preferred global platform to consume music together. Release week, we’re right in the thick of the action. The completion of this augmentation signifies Stationhead’s growing and central role in the entire music ecosystem.
Artists who have officially launched stations driving global listening parties include BTS, Imagine Dragons, Coldplay, Shawn Mendes, Cardi B, Nicki Minaj, Camila Cabello, Olivia Rodrigo, Machine Gun Kelly, Bruno Mars, Brandi Carlisle and more .
“Stationhead has become an integral part of music releases, adding a whole new way for fans and artists to celebrate new releases globally together while pushing music up the charts,” says the co-founder and COO of Stationhead. Murray Levison. “Stationhead artists like BTS, Cardi B, NBA YoungBoy, and Stray Kids have successfully used Stationhead to create incredible experiences with their fans and propel their music to #1. These unparalleled artist-fan encounters have happened organically and reflect the unique value that Stationhead offers.”
In addition to this funding, Stationhead announces that Andre Cornett was hired as a lead product designer. In this role, Cornett will oversee the design and engineering of new technologies and products for Stationhead. His previous roles include product designer for HEIR, a digital platform to connect athletes with fans, director of product design for music software company Splice, and iOS engineer for Universe Inc, a website builder app. . He also worked at Kickstarter, designing the company’s first iPhone app, and co-founded Jukely, a monthly concert subscription app.