Sonomo offers a platform that enables retail investors to purchase shares in music royalties, allowing them to earn monthly dividends from digital streaming revenues. This approach democratizes access to an asset class traditionally reserved for institutional investors, providing individuals with a means to diversify their portfolios and generate income from the growing music market.
Funding
$120.9K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Retail investors lack access to the music royalty market, an asset class traditionally dominated by institutional investors. This limits diversification opportunities and potential income streams for individual investors seeking alternative investments.
Solution
Sonomo provides a platform that enables retail investors to purchase shares in music royalties, allowing them to earn monthly dividends from digital streaming revenues. The platform offers fractional ownership in both individual songs and curated collections called "Baskets," providing diverse risk/reward profiles. Sonomo conducts due diligence on available assets, ensuring artistic quality and legal compliance. Investors can trade royalty shares on Sonomo's secondary market, providing liquidity and flexibility.
Target Audience
Sonomo targets retail investors in the European Union seeking alternative investments and income streams, as well as investment firms and family offices looking to diversify their portfolios with music royalties.
Features
- Fractional ownership of music royalties, providing access to a previously exclusive asset class
- Investment options include individual songs and diversified "Baskets" of curated tracks
- Monthly dividend payouts based on digital streaming revenues from platforms like Spotify and Apple Music
- Secondary market for trading royalty shares, offering liquidity for investors
- Due diligence process to ensure the quality and legal compliance of listed assets
- Real-time and historical data to inform investment decisions
- Options for both individual and institutional investors, with tiered service levels