Strofe (Community Round)
Funding Details
Awarder
WeFunder
Date Award
March 1, 2023
Vertical
AI-powered Music Creation Platform
Funding URL
View Funding Page
Funding Amount
$51,680,000,000
Company Info
Traction
Strofe has achieved 58 Net Promoter Score (NPS) from users and a 38% must-have score. Over 50% of the platform's growth is attributed to word-of-mouth referrals. The company has acquired 70,000+ users through organic discovery and is on track to profitability with a cost per user of less than $0.08.
Organizations Involved
Stanford's StartX community, Edmodo, UC Santa Cruz
Founders
Alejandro Di Mare, Byron Walker
Market
Music
Location
Palo Alto, CA, US
Coinvestors
Stanford's StartX community
Company Description

Strofe is an AI-powered Music creation platform for Creators, aiming to address the challenges of music copyright and enable individuals to engage in music creation without prior experience. The platform offers generative music that adapts to user needs, providing a unique and customizable music experience. Strofe has a clear strategic track to achieve $2M in Annual Recurring Revenue (ARR) by Series A in 2 years.

Links
Website
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