Boehly-Backed Home of Usher, Snoop’s Music Raises $100 Million

Gamma, a music company that works with Usher and Snoop Dogg, has raised more than $100 million from investors led by the New York investment group Alpha Wave Global.

The financing values Gamma at $400 million, according to people with knowledge of the deal who asked not to be identified because the terms are confidential. Billionaire Todd Boehly is Gamma’s largest investor.

Larry Jackson

Photographer: Jessica Lehrman

Former Apple Inc. executive Larry Jackson started Gamma last year to offer musicians an alternative to the three major record labels. He lined up Usher, Rick Ross and Snoop Dogg, who also owns the catalog ...