SongBits
SongBits is a London-based, early-stage startup building a platform that lets music fans share in artists' success and earn royalties, alongside exclusive artist benefits. Founded in 2022, it serves both fans and artists and has raised about $804K led by Building Blocks with Sui Foundation participation.
- Company typePrivate
- Founded2022
- HeadquartersLondon, United Kingdom
- Headcount1–10
- GTM typeB2B and B2C
- OfferingDigital Commerce or Content
SongBits firmographics
Firmographics- Name
- SongBits
- Website
- https://SongBits.com
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- SongBits is a London-based, early-stage startup building a platform that lets music fans share in artists' success and earn royalties, alongside exclusive artist benefits. Founded in 2022, it serves both fans and artists and has raised about $804K led by Building Blocks with Sui Foundation participation.
- Ownership category
- akta.pro rank
SongBits industry classification
Industry- Product category
- Music Royalty Investment Marketplace
- NAICS
- Music Publishers (51223), Music Publishers (512230), Sound Recording Industries (5122)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Creator/Artist Direct-to-Fan Streaming & Membership (MPAIACAF)
- akta.pro secondary industries
- Music & Audio NFT Marketplaces (FSADANAD), Micropayments & Streaming Payments (Crypto) (FSADAIAM)
Keywords
Where SongBits is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Markets served
SongBits business model
Business model- GTM type
- B2B and B2C
- Offering type
- Digital Commerce or Content
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations
SongBits product offering
Product offeringCore offering
SongBits operates a digital marketplace that enables fans to buy fractional shares in songs and artists, earning royalties for life from the music's commercial success, alongside access to exclusive artist benefits. The platform bridges artists seeking direct fan funding and fans seeking deeper, monetizable engagement with the music and artists they support.
Differentiator
Problem solved
Functional benefit
Products and services
- SongBits Royalty Share Marketplace A digital marketplace platform that allows music fans to purchase fractional shares in songs or artists and earn ongoing royalties from the music's commercial success, while also receiving exclusive artist benefits. It serves individual fans as buyers and artists/labels as suppliers of royalty shares.
- Exclusive Artist Benefits Program A fan-engagement offering bundled within SongBits that provides royalty share holders with exclusive perks and experiences from artists, such as access to content, events, or artist-direct interactions. It is designed to deepen fan engagement beyond financial returns and is targeted at individual music fans.
Companies that use SongBits
Customer profileIdeal customer profiles2 records
SongBits technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
SongBits competitors and assessment
Company assessmentDirect peers
- Royal: Royal allows fans to buy fractional ownership in songs and earn royalties, directly mirroring SongBits's 'share in artist success, earning royalties for life' pitch. It is the most direct comparable in the music-royalty tokenization category.
- Sound.xyz: Sound.xyz sells music NFTs from independent artists and shares streaming royalties with collectors. SongBits competes for the same artist-onboarding pipeline and fan-purchase behavior, with a stronger emphasis on mainstream/legacy catalogs.
- Catalog: Catalog tokenizes ownership in individual songs as NFTs and distributes streaming royalties to holders. Same core mechanic (tokenized music ownership + lifetime royalties), different brand and catalog focus.
- anotherblock: anotherblock drops music NFTs backed by royalty shares from named artists. Comparable in artist-curated drops and royalty-revenue split structure to SongBits's proposed offering.
- LimeWire: LimeWire relaunched as a Web3 music marketplace selling music NFTs and tokenized rights. Direct competitor targeting mainstream fans with a familiar consumer brand, raising the bar for SongBits's go-to-market.
Emerging players
- Opulous: Opulous combines music NFT sales with artist lending using tokenized royalties as collateral. Comparable blockchain-music intersection; differs by adding a DeFi lending layer.
- Corite: Corite lets fans fund artist releases and receive a share of streaming royalties, a near-identical fan-to-artist royalty-share model. Closely comparable business mechanic at smaller scale.
- BitSong: BitSong is a blockchain platform for music distribution and royalty payouts to artists. Comparable in combining music rights with on-chain distribution, though more infrastructure-oriented than consumer-facing.
Broad incumbents
- Audius: Audius is a decentralized music streaming platform with the largest Web3 music user base. Overlapping artist/fan community and crypto-native distribution, but focused on streaming rather than royalty ownership.
- Royalty Exchange: Royalty Exchange is an established marketplace for buying and selling music royalties. Sits upstream of SongBits as an institutional price-discovery venue for the underlying asset class SongBits is tokenizing.
Market position
Customer concentration
SongBits social profiles
Digital presenceSongBits financial estimates
Financial estimateRevenue estimate
Valuation estimate
SongBits leadership team
Management profileNumber of profiles
Profiles6 records
SongBits funding detail
Funding detailFunding overview
Funding rounds2 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SongBits M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about SongBits
What does SongBits do?
SongBits operates a digital marketplace that enables fans to buy fractional shares in songs and artists, earning royalties for life from the music's commercial success, alongside access to exclusive artist benefits. The platform bridges artists seeking direct fan funding and fans seeking deeper, monetizable engagement with the music and artists they support.
When was SongBits founded?
SongBits was founded in 2022. It employs 1 to 10 people.
Where is SongBits based?
SongBits is headquartered in London, United Kingdom, in the Europe region.
Who are SongBits's main competitors?
Direct peers on record are Royal, Sound.xyz, Catalog, anotherblock and LimeWire. Emerging players are Opulous, Corite and BitSong. Broad incumbents are Audius and Royalty Exchange.
Does SongBits have an API?
No public API is recorded for SongBits.
What industry is SongBits in?
SongBits's product category is Music Royalty Investment Marketplace. Its primary akta.pro industry code is MPAIACAF, Creator/Artist Direct-to-Fan Streaming & Membership, with a secondary code of FSADANAD, Music & Audio NFT Marketplaces. Its NAICS code is 51223 and its SIC code is 6200.