Duetti Closes $90 Million Funding Round Led by Nyca, Northleaf

Duetti, a company that launched last May and buys the rights to songs from independent artists, has raised $90 million to build its staff and do more deals.

The financing includes $15 million in equity from investors led by the venture capital firm Nyca Partners, and a $75 million credit facility provided by Northleaf Capital Partners, a private equity firm, according a statement from the company. The agreements bring Duetti’s total funding to over $120 million.

The new equity will go toward building Duetti’s team and platform while the debt will be used to finance song acquisitions. Since ...