Distrokid Welcomes Valuation Of $1.3 Billion

Distrokid, the music distributor popular with independent labels and musicians, has received a $1.3 billion investment from Insight Partners.

Philip Kaplan, the company’s founder and CEO, said: “Our growth has been wild, but the mission hasn’t changed. Most of all, we’re incredibly honored and thankful for every artist who’s chosen DistroKid to be a part of their journey.”

“I’m excited to partner with Insight Partners as we continue building amazing things to help musicians and empower creators worldwide.”