Corite
Enables fans to invest in artists and be a part of the creative journey from inception to delivery.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor investor investor investor investor investor investor investor investor investor investor | €0.0 | round |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
* | $6.2m | ICO | |
| Total Funding | 000k | ||
| EUR | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | - | 4641 % | 661 % | 268 % | 7 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | - | - | (506 %) | (51 %) | - | - |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | - | (21268 %) | (545 %) | (55 %) | (7 %) | (3 %) |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
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Corite is a unique platform that bridges the gap between artists and their fans by allowing fans to invest in the music they love and share in the streaming revenues. Operating in the music industry, Corite serves independent artists and their fan communities, providing a novel way for artists to fund their projects and for fans to become stakeholders in the music they support. The business model revolves around crowdfunding, where fans can back their favorite artists financially, and in return, they receive a share of the streaming revenues generated on platforms like Spotify and Apple Music. This creates a symbiotic relationship where both artists and fans benefit from the success of the music. Corite makes money by taking a small percentage of the funds raised and the streaming revenues shared. The platform also offers free distribution services, ensuring that artists retain all their rights while gaining financial support from their fanbase.
Keywords: music crowdfunding, fan investment, streaming revenues, artist support, community engagement, independent artists, music distribution, revenue sharing, fanbase monetization, music industry.