Sofar Sounds CEO Defends Poor Artist Payouts as Company Raises $25 Million

Sofar Sounds has reached a new fundraising milestone. Led by Battery Ventures and Union Square Ventures, the house concerts company has raised $25 million. Sofar Sounds previously raised $6 million from Octopus Ventures and Virgin Group, who also participated in the recent fundraising round. The announcement comes just three months after Sofar Sounds hired its […] The post Sofar Sounds CEO Defends Poor Artist Payouts as Company Raises $25 Million appeared first on Digital Music News.