Revelator inks $2.5 mln Series A

Israel-based Revelator, a provider of rights administration for digital assets, has raised $2.5 million in Series A funding. Exigent Capital led the round with participation from other backers that included Digital Currency Group and Reinvent.

PRESS RELEASE

Tel Aviv, Israel (August 29th, 2016) Revelator, the leader in rights administration for digital assets, announced today the closing of a $2.5 Million in series A funding led by multi-strategy investment firm Exigent Capital. Additional participants in the round include Digital Currency Group, and Israel early-stage fund Reinvent. This round is in addition to $3M in funding the company has already received to date.

Revelator will use proceeds from the funding round to expand its current offerings and introduce new features that will attract market verticals, multi-channel networks and broadcasters.

Revelator’s data analytics platform effectively sources the use of digital assets to enable real-time transactions and micro-payments, ensuring the correct identification and distribution of payments to artists and rights holders. The company’s unique SaaS platform utilizes blockchain technology to allow rights owners the ability to license, distribute, track and manage content across multiple platforms, thus increasing the reliability, accuracy and timeliness of compensation for digital assets. Additionally, Revelator’s data intelligence platform empowers artists and rights holders to receive full and in-depth reports of how, where and when their music is being consumed.

“We are talking about a massive $45-billion-dollar per year global music economy, where people are consuming more and more music, and amazingly almost half of royalty payments aren’t finding their way back to the beneficial owner. The majority of players in the media and collective rights industry still rely on outdated means of tracking distribution and payments, and have completely failed to adapt or modernize their infrastructure to properly handle the explosion of data, channels and new business models,” said Bruno Guez, CEO and Founder of Revelator. “An integrated and cloud-based platform such as Revelator is able to provide attribution, reporting and business intelligence from one dashboard, enabling distributors, record companies, publishers, managers, artists and songwriters access to their sales and marketing data wherever they are. We’re giving the music and media industry the system it needs to drive revenues, fairness and, ultimately, the art we love.”

For Exigent Capital, this is another targeted investment into leveraging big-data analytics. Earlier this year the firm announced an investment into medical technology company MedyMatch.

“Exigent is always looking to invest in disruptive technologies that are backed by remarkable entrepreneurs and visionaries – Revelator fits that profile,” said Eliezer Brender, Chief Investment Officer at Exigent. “We plan to work closely with the fantastic team at Revelator, utilizing our expertise in payment systems and structured credit to find new and exciting ways to increase revenue and support Revelator in its mission to bring radical transparency to an opaque, unfair and outdated system.

About Revelator
Founded in 2013 by music industry veteran Bruno Guez (Founder of Quango Music Group and former Creative Director, Music for Cirque Du Soleil), Revelator is a rights administration and data analytics platform for digital assets working to enable real-time attribution and micro-payments for rights owners, while simultaneously opening up new industries to critical and relevant data. Revelator is leading innovation at the intersection of intellectual property rights management, content monetization and blockchain technology. The company is currently leveraging its music industry expertise, working with leading rights agencies, artists, music labels and distributors.

About Exigent Capital
Exigent is a boutique multi-strategy investments firm and is a Registered Investment Advisor with the SEC http://www.exigent.capital