# Musiversal investor update: 6 months later 📈 | Musiversal

- Canonical URL: https://wefunder.com/feed/168848
- Entity ID: wefunder:feed_item:168848
- Published at: 2023-11-26 22:56:54 UTC
- Updated at: 2025-07-15 20:56:03 UTC

## Author
Xavier Jameson

## Subject
Musiversal

## Content
Dear Musiversal Investors,Welcome to our first investor update post-crowdfunding, where I have the privilege to fill you in on our progress over the last 6 months.If after reading this updated you feel like you're missing any key information or you have any further questions, please leave a comment below or reach me directly by email on xavier@musiversal.com.Tl;dr - Here are the investor headlines since May:We successfully raised $1.9M in May ($1.5M from venture capital)Incorporated in the US and became a US top-coLaunched Musiversal Unlimited - a new monthly subscription - and grew it from zero to $0.6M ARR in 6 monthsTripled Monthly RevenueDoubled MRRHired 20 musiciansMade some key team hires to form a stellar marketing team, and brought in a marketing agency to help scale our primary acquisition channelOur WhyAt the heart of Musiversal is the livelihood of musicians around the world.Real jobs, stable income, is unprecedented in the music industry. But it shouldn’t be. Being a good musician requires years, decades, of dedication. It’s a massive sacrifice of time, money, and tears. Spending 20+ years of your life to master your craft only to be greeted with a brutally lonely battlefield of underpaying gigs, with no reliable way to make ends meet, is not only non-sensical - it’s unfair.What drives us is the knowledge that the more we are able to grow, the more jobs we get to create for musicians.At the same time, our musicians get to use up every ounce of their talent and every minute of their time at Musiversal to help others realize their best music. The outcome is remote recording: an entirely new way of making music, and the emergence of a new music economy.This is the mission you put your hard-earned money behind and invested in. And that's why since the successful completion of our crowdfunding round in May, we’ve been more determined than ever to deliver fast and sustainable growth.Whilst we admit we still have a long way to go, performance has been promising, and I'm excited to share our progress with you.Thank you for being one of our investors. Thank you for believing in us and for helping us try to make the world a better place for musicians!We launched a revolutionary monthly subscriptionAt the end of April, just one week before our Wefunder crowdfunding campaign closed, we launched Musiversal Unlimited*. Musiversal Unlimited is a monthly subscription which gives music creators around-the-clock access to a roster of professional musicians, producers and engineers. For a flat fee of $199 per month, subscribers can book an unlimited number of live, remote sessions with the roster. A model like this has never been done in the music industry. Music talent has never been this accessible before - and its growth has been very exciting. (*Whilst Unlimited might sound a bit insane, we've carefully designed the model so that it's sustainable since Day 1. Beyond strict vetting on the supply side and the highly-efficient session structure, there are of course some policies in place to ensure fair usage - a bit like what you'd find at an 'all you can eat' buffet!)Here's the story so far:5x growth in 6 months: - 60 > 300 subscribers - 300 > 1,500 monthly sessions - $10k > $50k MRR40 musicians (+20 new musicians hired, about 4 new hires per month)6,225 total available sessions, 5,250 sessions completed (84% total utilization) over the 6 month periodmusiversal.comWe successfully closed $1.9M in funding & became a US companyWe closed $1.5M VC investment round at a time when fundraising is the toughest it's been in decades. This demonstrates that investment professionals see huge potential in the company and also ensures that as a business we have enough capital and time to get to our next milestone of 3X growth ($3M ARR) whilst becoming EBIDTA positive along the wayCompleted "US flip" and Musiversal inc is now incorporated in Delaware and is the “Top-Co” (owns the Portuguese company)We're continuing the fundraising roadshow for future rounds, "always raising"In the last 30 days:Won Most Promising Startup at Portugal's Entrepreneurship AwardsWon Redbridge Rumble pitch competitionWon a pitch battle at Web SummitWe also reached the Season 6 finals of Meet The Drapers. If Musiversal wins the public vote, we'll go straight to the final and have a chance to land a $1M investment from Tim Draper!> You can vote for Musiversal here (only takes a second).We created a marketing department and hired top talentHead of Marketing, David Gerhart, based in New YorkPerformance marketing agency, Growth DivisionVideo/ content creator Samuel Lopes, based in BrazilCaroline (marketing assistant), based in PortugalEdlene (accounting & legal), based in PortugalLooking forwardWith our A-team set and no further team changes on the horizon, we'll be focused on scaling the Musiversal Unlimited subscription.We'll also be unifying our subscription offerings to create an improved experience for all of our customers and musicians.And we will continue to grow our orchestra service, which will help contribute to our top-line and help us reach EBIDTA positive within the next year.In addition to becoming profitable, our 12-month goal (by end of 2024) is to grow at least 2X, which will look like:$2M ARR5,000 monthly sessions100+ musiciansWe're confident we'll deliver, and we're committed to keeping you informed on our progress every 6 months.Once again, thank you for your investment and continued support in Musiversal. We're just getting started!