Music Tech Firm Connect Music Secures $80 Million to Scale for Independent Creators
Memphis-based music rights and technology company Connect Music — a **Black-owned music tech firm — has raised a major $80 million financing round led by Rockmont Partners and Variant Investments to accelerate its growth in catalog acquisition, licensing, and AI-driven services for independent artists and labels.
The funding milestone marks a significant expansion of Connect Music’s mission to democratize tools and revenue opportunities traditionally dominated by major labels, giving creators more control over their art, data, and financial futures. CEO George Monger said the investment will help the company grow aggressively while staying true to its focus on music ownership, transparency, and empowerment.
Catalyzing Growth and Innovation for Indie Artists
Founded in 2020, Connect Music provides artists and independent labels with access to financing, catalog acquisition support, and data analytics — resources normally available only to major industry players. With its $80 million backing, the company plans to scale its acquisition and licensing strategy and expand proprietary AI tools designed to help artists better monetize and protect their intellectual property.
The company’s roster includes notable acts and producers, and its technology platform aims to help creators maximize earnings without surrendering ownership rights from their songs or data — a critical shift in an era where artists often struggle to retain control over their work.
Why This Matters in Music Business
Connect Music’s milestone underscores a broader trend in the music industry toward artist-centric business models, where creators retain rights and revenue while leveraging tech-powered analytics, licensing channels, and funding opportunities. Monger’s vision — influenced by his career in artist management, nonprofit leadership, and orchestral business — positions the company as a key ally for artists seeking sustainable financial growth and independence.
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