Thania Garcia Nearly two years after the idea became a reality, Verswire – a venture capital model alternative for signing musicians – has announced its forthcoming publishing arm, set to launch in 2024 in partnership with Kobalt Music Group.
With a $12.3 million investment from E.O.A. Productions (Enoch K. Osei-Acheampong and Nicole A. Parke) and idobi Radio, plus participating investors including Warped Tour founder Kevin Lyman and Foo Fighters tour manager Gus Brandt, Verswire is heading into the new year intending to expand its artist roster.
Current clients include pop band Beauty School Dropout and the freshly signed alt-rock duo Girlfriends comprised of Travis Mills and Nick Gross.
Verswire provides each of its clients a custom investment plan that includes funding, resources, tools, mentorship from a variety of music executives and “an ecosystem to own and operate their businesses within while allowing them to keep majority ownership of their masters,” per the company’s boilerplate.
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