NewSpring Growth and Ballast Point Ventures Invest in Symphonic

January 4, 2022

NewSpring Growth, the growth strategy of NewSpring, invested in Symphonic in partnership with Ballast Point Ventures as a growth capital round to support the music-technology distributor's platform and international expansion. Symphonic, founded in 2006 and headquartered in Tampa, Florida, provides digital music and video distribution, royalty collection and marketing services to artists and independent labels and will use the investment to scale its technology and global footprint.

Buyers
NewSpring Growth (NewSpring), Ballast Point Ventures
Targets
Symphonic (Symphonic Distribution)
Location
Florida, United States
Transaction Type
Growth capital

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