The picture for Qwire just got a little rosier.
Qwire is on fire with an additional $2M in funding.
The New York City and Los Angeles-based creator of SaaS software to streamline royalty reporting and licensing for music-for-picture announced that it has received over $2 million in additional funding from current and new investors.
With these fresh funds, Qwire plans to expand its sales efforts while accelerating development and enhancement of its cue sheet reporting tools. That’s good news for the increasing ranks of music supervisors and major film/TV content creators that are utilizing its collaborative cloud-based platform to streamline music post production and royalty reporting. The company’s core products are qwireClear for music clearing and licensing, and qwireCue for cue sheet management and reporting.
This latest funding round follows an initial $2.5M raise in 2015.