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Stockholm music funding company that advances royalties to artists based on the earnings of their music catalogs.
SNAFU Records funds musicians based on their music catalog earnings through its Song Fund, which offers advances against future royalties to artists earning over USD 5K a year, and uses a proprietary algorithm to find undervalued artists and tracks. Founded in 2018 and headquartered in Stockholm, Sweden, the company raised EUR 2 million in a Seed round led by Pophouse Entertainment on June 18, 2023, with BlackWood Ventures and Universal Music Group, Inc. CEO Ankit Desai has a background in music entrepreneurship. Its 2022 revenue was EUR 779,318.40.
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