stem

stem

Courtesy of Stem.

Stem, a music tech startup focused on helping artists with distribution and payments, has raised $20 million in a new funding round.

Fintech-focused venture capital firm QED Investors led the funding and was joined by Block, the Jack Dorsey-led payments tech company formerly known as Square. Block notably paid nearly $300 million last year to acquire a majority stake in TIDAL, the music streaming service backed by rapper Jay-Z.

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