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Music Distributor DistroKid Raises Money at $1.3 Billion Valuation
The music tools company processes more than 15,000 songs a day.
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Millions of musicians have used DistroKid to make money from their art. Now DistroKid is making some money of its own.
DistroKid has raised money from Insight Partners that values the music distribution and tools company at $1.3 billion, according to founder Philip Kaplan. Kaplan and Insight declined to say how much money Insight had invested, or how large a stake it was acquiring.