DIY radio station app Stationhead has received $12 million in funding from a group including producer Diplo, TMWRK (the management firm where Diplo is a client), Red Light Management, Round Hill Publishing, Avex Entertainment, Craig Kallman and Julie Greenwald of Atlantic Records, Kevin Liles of 300 Entertainment and Jason Flom of Lava Records.
This series A financing round was led by Buttonwood Group Advisors. The money will be used to expand the global Stationhead platform and invest in engineering and user experience.
Stationhead has become a powerful tool for artists to bolster streaming numbers since it launched in 2021. On the app, users tune into or host their own live radio stations with music and voice chat, and can bring co-host and listeners on-air. The app automatically syncs with users’ paid subscription accounts on Spotify and Apple Music. Then, the tracks played by station hosts are simultaneously streamed via each listener’s streaming account, meaning that each listener counts as one stream of that song.
Since its launch, the app has aggregated 5 million users with 30,000 stations across 200 countries and has also attracted artists interested in its streaming potential. In May of 2021, 400,000 total BTS fans joined a Stationhead streaming party for the group’s then new single “Butter.” Hosted by a single user, Stationhead says the event drove 5.4 million streams of the song during the session.
“Stationhead is the next evolution of music online,” says Stationhead CEO and co-founder Ryan Star. “By building this with great empathy for artists and fans alike, we have grown to become the preferred global platform of the new generation to consume music together. On release week, we are the heart of the action. The completion of this raise signifies Stationhead’s growing and pivotal role in the entire music ecosystem.”
Artists who have officially launched stations resulting in global listening parties include BTS, Imagine Dragons, Coldplay, Shawn Mendes, Cardi B, Nicki Minaj, Camila Cabello, Olivia Rodrigo, Machine Gun Kelly, Bruno Mars, Brandi Carlisle and more.
“Stationhead has become an integral part of music releases, adding a brand new way for fans and artists alike to celebrate new releases together on a global scale all while driving music up the charts,” says Stationhead co-founder and COO Murray Levison. “Stationhead Artists like BTS, Cardi B, NBA YoungBoy and Stray Kids have successfully used Stationhead to create amazing experiences with their fans and drive their music to No. 1. These incomparable artist-fan encounters have transpired organically and reflect the unique value that Stationhead offers.”
In addition this funding, Stationhead is announcing that Andrew Cornett has been hired as principal product designer, In this role, Cornett will oversee the design and engineering of new technology and products for Stationhead. His previous roles including product designer for HEIR, a digital platform to connect athletes with fans, product design director at music software company Splice, and iOS engineer for Universe Inc, a website building app. He also worked at Kickstarter, designing the company’s first iPhone app and co-founded Jukely, a monthly concert subscription app.