Startup Mogul has processed more than $1.5bn of royalties since its launch last year. Now it has raised some more money of its own: a $5m funding round led by the Yamaha Music Innovations Fund.

“Mogul is addressing one of the largest structural inefficiencies in the creator economy: fragmented data across royalties, revenues, and payments,” said the latter’s managing partner Andrew Kahn.

“By aggregating hundreds of sources into a unified platform, they’re shrinking the tech stack for creators while unlocking faster, more accurate compensation.”

The funding is partly being used to launch a new feature on Mogul: ‘Catalog Valuation Center’. It does what it says on the tin: provides musicians with an estimated valuation of their publishing and recordings catalogues.

The new tool is a funnel towards another aspect of Mogul: giving musicians the opportunity to get an advance on their future royalties based on the valuation.

The $5m funding follows a $1.9m round in February 2024. The Urban Innovation Fund, Mindset Ventures, Fairway Capital Partners, Amplify LA and Wonder Ventures were the other investors in the latest round.