The round includes debt financing from billionaire hedge fund manager David Tepper’s Andalusian Credit Partners and equity backing from family offices and private investors. The raise brings Xposure’s total funding to more than US$50 million. (The Logic)

Talking point: Launched in 2021, Xposure provides financing for mostly independent artists, including through catalogue acquisitions, which became a popular revenue stream for musicians in the wake of the pandemic. The company, which originally launched as a platform connecting artists with label executives, said it has completed over 100 deals to date, ranging from US$10,000 to US$4 million. It plans to use some of the new money to expand into genres like K-pop and Latin music.