MUSIC invests in LVRN music company

MUSIC, the first ever diversified investment company focused exclusively on music and music-adjacent businesses, announced today that it has made a significant minority investment in Atlanta-based music company LVRN (Love Renaissance). The investment – which values the company at over $100 million – will provide growth capital for LVRN to build capacity in its existing businesses as well as unlock strategic expansion opportunities. Matt Pincus, co-founder and CEO of MUSIC, will join the company’s Board of Directors which is chaired by LVRN President, Tunde Balogun. 

Founded by five partners in 2012, Junia Abaidoo, Justice Baiden, Tunde Balogun, Sean Famoso McNichol and Carlon Ramong, LVRN has been one of the most successful independent music companies in the world. The company has launched, nurtured and guided the careers of such artists as Summer Walker, 6lack and others. In its decade in business, LVRN artists have generated more than 30 billion streams, 21 million album sales and 175 million single sales.

Expanding its headquarters in Atlanta, LVRN bought a building in the Castleberry Hill neighborhood and are starting to build out state-of-the-art facilities. They also establi