Music Catalog Buyer Duetti Secures $114 Million to Expand

Duetti Inc., a music financing startup focused on acquiring rights from independent artists, has secured an additional $114 million in funding to expand its business.

The investment, which includes $34 million in equity financing, was led by Flexpoint Ford LLC with participation by existing investors Nyca Partners and Viola Ventures, the company said Tuesday. Duetti also sold $80 million in bonds backed by a music rights catalog. The investment brings total funding to $235 million and will allow the company to continue to acquire copyrights.

“We think there’s a lot of low-hanging fruit that once we partner with ...