Last year we wrote about UK-based startup Delic, and its plans to launch a “progressive asset and rights management platform for labels, management companies, and independent musicians” including blockchain technology. At the time, it was still working on that product.
Now the company has raised £250k (around $325k) in a ‘pre-seed’ funding round led by Velocity EIS Technology Fund, and says that this will enable it to launch its platform as a ‘MVP’ (minimum viable product) this February.
“Delic will allow users to take ownership of their catalogues, from stems to sync and remixes, in its fully integrated and scalable platform. Optimising music catalogues will become an enlightening and efficient process, with full transparency and real time accountability for the assets and funding,” is how the company is explaining that product.
Delic is planning to charge for its platform with two subscription tiers, individual and enterprise, but says there will be other sources of income for the company “as the product matures into a full blown creative marketplace”.