RoyaltyShare, which offers digital royalty solutions to the entertainment industry, has secured a $5 million Series B round of financing. It will be used to expand its operations, with regional offices to open in New York, Los Angeles and Europe later in the year.

Additional capital from the round will also be used to increase support staff for its record label customers and develop new services to simplify the process of selling music through digital and mobile sales channels, the company announced in a statement today (April 30).

The round was led by Trident Capital, a Palo Alto, Calif.-based private equity and venture capital firm.