Metallica backs Medallion in $13.7m funding round
The family investment firm of rock band Metallica is participated in a Series A funding round for Medallion, an artist-to-fan platform that aims to help artists build relationships with fans. Black Squirrel Partners, a firm founded in 2020 by band members of Metallica, was one of several backers in the Dragonfly and Lightspeed Faction-led effort. Other investors include Coinbase Ventures, Infinite Capital, J17, The Chernin Group, Third Prime, and Zeal Capital. Medallion, a direct-to-consumer platform led by former Songkick CEO Matt Jones, is focused on strengthening artist-fan connections. The startup secured $13.7 million, according to Billboard. In addition to Metallica, the venture round included other music industry veterans: Bill Silva Entertainment, Disclosure’s Guy Lawrence, Foundations Artist Management, Jungle, Mt. Joy, Method, Tiga James Sontag, and TAG Music. This investment is Metallica’s third notable venture in 2023 through Black Squirrel, following ac...