Blog Post

Digital Collections Service RoyaltyShare Adds $4 Million to Second Round; Bertelsmann Invests

San Diego-based RoyaltyShare, which helps entertainment companies manage digital royalties, has raised $4 million of additional second round funding from Bertelsmann Digital Media Investments and Trident Capital. The round is now $9 million, as it raised $5 million in April from Trident Capital. It also took in a $2.5 million seed round from Trident, bringing its total amount raised to $11.5 million. Funding will be used to enhance its offering to support a wider range of digital media industries. Since its last funding, RoyaltyShare has purchased content management firm IDEA and Musicalc, a maker of accounting software for royalties. The company claims that over 150 companies, including several independent labels, use its web-based services to collect royalties and facilitate digital distribution. Release.

Bertelsmann Digital Media Investments was launched in 2006 with $63 million to help Bertelsmann make strategic investments in a range of digital media areas.