Corite

Corite

Enables fans to invest in artists and be a part of the creative journey from inception to delivery. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
€73—109k (Dealroom.co estimates Jun 2020.)
Stockholms kommun Stockholm County (HQ)

Financials

Estimates*

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Revenues, earnings & profits over time
EUR20182019202020212023
Revenues-<1m<1m<1m<1m
% growth--4641 %661 %-
EBITDA--(<1m)(<1m)-
% EBITDA margin--(506 %)(51 %)-
Profit(<1m)(<1m)(<1m)(<1m)-
% profit margin-(21268 %)(545 %)(55 %)-
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Recent News about Corite

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More about Coriteinfo icon
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Corite is a unique platform that bridges the gap between artists and their fans by allowing fans to invest in the music they love and share in the streaming revenues. Operating in the music industry, Corite serves independent artists and their fan communities, providing a novel way for artists to fund their projects and for fans to become stakeholders in the music they support. The business model revolves around crowdfunding, where fans can back their favorite artists financially, and in return, they receive a share of the streaming revenues generated on platforms like Spotify and Apple Music. This creates a symbiotic relationship where both artists and fans benefit from the success of the music. Corite makes money by taking a small percentage of the funds raised and the streaming revenues shared. The platform also offers free distribution services, ensuring that artists retain all their rights while gaining financial support from their fanbase.

Keywords: music crowdfunding, fan investment, streaming revenues, artist support, community engagement, independent artists, music distribution, revenue sharing, fanbase monetization, music industry.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.