HotDrop
AcquiredConnect undiscovered artists with superfans
HotDrop was founded in 2022, is headquartered in Needham, United States, lists 1–10 employees, and has $320K in recorded funding across 2 rounds.
- Headquarters
- Needham, Massachusetts
- Employees
- 1–10
- Founded
- 2022
- Business Model
- Marketplace
- Website
- hotdropapp.com
- Total Funding
- $320K
- Last Round
- $150K Convertible NoteFeb 2023
- Rounds
- 2
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
Indexed holds 2 funding rounds and 2 investors for this company. The full record is or through the API.
About
HotDrop was a Techstars and venture-backed music discovery platform that connected undiscovered artists with superfans. Founded by a team of Gen-Z music enthusiasts, HotDrop addressed the generational shift in music discovery by enabling 30-second song snippets for rapid discovery and social sharing, driving high virality for emerging artists. The platform included HotDrop Studio, a web tool for artists to release music, manage songs, and receive detailed analytics. Within two days of launch the app garnered over 25,000 downloads and ranked 7th on the App Store. HotDrop was acquired by The Beam in December 2024.
Summary
HotDrop is an Artificial Intelligence company based in Needham, United States, founded in 2022. It lists 1–10 employees. It has raised $320K in total across 2 rounds, most recently a $150K Convertible Note round in Feb 2023. Investors include Techstars and IU Ventures.
Tech & App Stack
2 technologies & apps tracked
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Funding History
Feb 2023
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Funding: Convertible Note. Amounts, valuations, and investors where available.
Investors
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