Revelator, the leader in rights administration for digital assets, announced today the closing of a $2.5 million in series A funding led by multi-strategy investment firm Exigent Capital. Additional participants in the round include Digital Currency Group and Israel early-stage fund Reinvent.
This funding will enable the Revelator team to continue to grow the platform, add key hires, and introduce new features that will serve new customer groups from market verticals like broadcasting, multi-channel networks and music publishing.
At the core of Revelator’s platform is the belief that music creators today have to manage, monitor, and track their assets across an increasing number of platforms, making it difficult to track rights, manage content, and collect royalty payments. Using blockchain technology, Revelator enables creators to manage content like a digital asset, ensuring that their work is identified, distributed, and tracked. Revelator’s vision is to enable real-time transactions and micro-payments.
For Exigent Capital, this is another targeted investment into leveraging big-data analytics. Earlier this year the firm announced an investment into medical technology company MedyMatch.
“Exigent is always looking to invest in disruptive technologies that are backed by remarkable entrepreneurs and visionaries - Revelator fits that profile,We plan to work closely with the fantastic team at Revelator, utilizing our expertise in payment systems and structured credit to find new and exciting ways to increase revenue and support Revelator in its mission to bring radical transparency to an opaque, unfair and outdated system. ”Chief Investment Officer at Exigent