Techstars Music, which will debut its new class of music-tech startups tomorrow on Rolling Stone Twitch, just added BTS’s parent company HYBE as an investor partner.
to showcase its 2021 class of promising startups across music, media, and technology — bringing its annual Demo Day event exclusively toTechstars Music began its annual accelerator program in 2017 with investment partnerships from some of largest and most influential companies in music and tech, including Sony, Warner Music Group, Amazon Music, Quality Control, Concord, HYBE, and Peloton.
“When we look at last year, it’s impossible not to acknowledge the gigantic social justice movement happening in culture,” Moczydlowsky says. “Black culture and gay culture drive music culture, and music culture drives planetary culture.
This year’s class is an eclectic mix of startups ranging in focus from apparel, ticketing, marketing, and licensing. Among the companies are superfan social networking startup Fave, which will make a major funding announcement during the Demo Day stream, and sneakerhead site Rares, which seeks to turn valuable shoes into an asset class by allowing anyone to buy partial ownership of shoes in an IPO-like offering. Rares bought Kanye West’s Air Yeezy shoes for $1.