Xposure Music’s $42.5-million USD raise will help it spot the next generation of streaming music stars

Montréal-based Xposure Music has raised $42.5 million USD ($59 million CAD) in debt and equity to scout more Canadian and global independent talent using data analytics and artificial intelligence (AI).

The indie music catalogue buyer said on Monday that it had raised $42.5 million USD. The raise comes from a combination of debt from Andalusian Credit Partners and equity from family offices and individual investors, including Canadian investor and Seattle Kraken minority owner Mitch Garber.

“The real thing we’re cracking is predicting how these songs will continue to perform over time.”

Xposure Music’s business model relies on parsing streaming data from indie artists. Its founder and co-CEO, Gregory Walfish, told BetaKit on Tuesday that music distributors—middlemen who sell artists’ wo