The partnership is the first deal announced by Songtradr since the company announced its Series C capital raise of US $30 million last month. Songtradr has invested AUS $1.42m (approximately US $1.03) in Jaxsta (by way of a secured convertible note) and signed a five-year exclusive commercial agreement with a revenue share arrangement between the companies.
Source: Songtradr invests $1m in music credit resource Jaxsta, inks exclusive partnership