October ’25 Music Industry Funding Nears $40 Million, Data Shows

Photo Credit: Jonathan Borba

Not a bad month at all: October 2025 delivered nearly $40 million in music industry funding thanks largely to a pair of sizable rounds from AudioShake and Jukebox Ventures.

That data comes from DMN Pro’s Music Industry Funding Tracker, which specifically identified $39.25 million in cumulative raises for the month. The capital resulted from eight rounds (the same total delivered by October 2024), each of which save Oasiz’s $2.5 million seed round was announced by companies operating in the core industry.

(The Funding Tracker compiles these core rounds alongside raises that, while pulled down by companies operating a bit outside the music space, are indirectly significant for the industry.)

There are plenty of angles – some more worthwhile than others – from which to consider the data. Technically, October 2025’s overall funding, core and non-core alike, fell almost 97% from the prior-year stretch.

But that’s only the case when accounting for the October 2024 asset backed securitizations of Concord ($850 million) and Duetti ($80 million). Minus the $930 million in question, music industry funding slipped by closer to 82% YoY this month and even less than that when booting the non-core $15 million Series A disclosed by Bluesky last October.

This is, of course, still a material falloff. Nevertheless, it looks to be the result of timing and adjacent factors as opposed to a wider trend.

In the first place, 2025’s YTD music industry funding is hovering above a whopping $7 billion (including ABS capital), and Q3 alone contributed more than half the total; neither point screams “slowdown.”

Next, in light of October’s remaining day and the billions of dollars flying around, there’s always a chance that a huge round could dramatically change the YoY comparison. Furthermore, the same is true, albeit with far more room for raise announcements, from the quarterly perspective.

One readily available example: If Suno had made its rumored $100 million round official, October 2025’s funding picture would look a lot different.

Lastly, the Funding Tracker’s insights don’t begin and end with multifaceted comparisons. Though the billions committed to the catalog sub-sector aren’t a secret, seeing the figures laid out in a central database underscores the extent of today’s IP-earmarked capital.

Running with the point, despite the massive pile of already-wrapped song rights investments, time will reveal the catalogs purchased by Influence Media, Pophouse, Warner Music and Bain, GoldState, Intercept, HarbourView, Concord, Recognition (formerly Hipgnosis), and others yet.

Meanwhile, catalog sellers aren’t exactly giving away their bodies of work, and owing to the mountain of IP-earmarked cash, it seems unlikely indeed that valuations will somehow decline.