New figures say venture capital backing music operations soared 34%, to roughly $621 million, in 2012 (as calculated by Digital Music News). That's in a year in which total cross-sector financing fell 10% (to $26.5 billion). Sonos, Deezer, and Spotify each attracted more than $100 million last year (see chart).
A quick glance at the numbers above shows just how small a drop in the bucket of venture capital music financing is. Far larger sectors include software, biotech, industrial, medical, and IT services.
The cross-sector data comes from PricewaterhouseCoopers, Thomson Reuters, and the National Venture Capital Association (NVCA).
More, including the chart, is at Digital Music News here.