Create Music Group, valued at $1 billion, raises $165 million investment round

Create Music Group has secured a USD $165 million equity investment round led by private equity firm Flexpoint Ford, MBW can reveal.

Unicorn alert! The investment round calls for Los Angeles-HQ’d Create of $1 billionconfirmed the spokesperson of the department.

A veteran of the music industry Charles Goldstuck have also joined the funding round, which is understood to see the Flexpoint-led group get around a fifth Dala’s equality.

Create It says it will use the money to drive global expansion and implement an “aggressive profitability strategy”.

Established in 2015, Create a Music Group has more than 400 employees worldwide. It operates as a record label, distribution company, and entertainment network that produces more 25 billion music is streamed every month on DSPs.

Dala’s subsidiaries include the distribution platform Label engine, working with over 75,000 artists and 5,000 label clients. Create and own The Flighthousea digital entertainment brand focused on Gen Z, with over 300 million followers on social media.

Create was founded nine years ago by its Chief Executive Officer, Jonathan StraussChief Operating Officer, Alexandre Williams and Senior Business Development Manager, Wayne Hampton.

Flexpoint Ford, with offices in Chicago and New York, currently has approx $8.2 billion of control assets under management. It specializes in privately negotiated investments in the financial services and healthcare industries.

“Our partnership with Flexpoint marks a milestone for our company and their expertise will be invaluable as we continue to expand our operations and find new ways to meet the needs of our customers,” he noted. Jonathan StraussCEO of Create Music Group.

“Flexpoint’s investment will further support our acquisition strategy that will allow us to expand our market presence and build the scale to continue to provide unparalleled service to our customers and partners.”

“Flexpoint’s investment will support our acquisition strategy that will allow us to expand our market presence and build the scale to continue to provide unparalleled service to our customers and partners.”

Jonathan Strauss, Create a Band

Mike MorrisManaging Director at Flexpoint Ford, said: “We believe Jonathan and his team have set a new standard in the industry, challenging traditional music companies to rethink their strategies.

“By acting as a media company that provides comprehensive support to artists, including distribution, marketing, financial solutions and audience engagement, Create Music Group has created a blueprint for the future of music.”

Stephen EssamaA principal at Flexpoint Ford added, “We are delighted to have the opportunity to partner with the founders of Create and provide them with the capital needed to meet the growing demand of their customers as the company continues to build a truly unique offering for artists and labels in the rapidly evolving music industry.”

I Raine Group act as financial advisors for Rebuild Wilkie Farr and Gallagher acted as legal counsel in connection with the $165m transaction. Reed Smith served as legal counsel to Flexpoint.Music Business Worldwide