ORFIUM - Hexacorp Greece Single Member S.A. Athens, Greece

Company Website: https://www.orfium.com

Company Email: help@orfium.com

Employees: 120

Funding State: Seed


Industries

  • Entertainment/Media (Games, Sports, Social)

Technology

  • AI
  • Cloud Computing
  • Data Analytics - Big Data
  • Software

Business Model

  • B2B

Revenue Model

  • Commission Fee
  • Licencing

Funding Sources

  • Self
  • VC

About

ORFIUM is the leading rights management technology company that brings a deep data engineering approach to tackling the music industry's royalty collection challenges. Our customer portfolio includes some of the biggest companies of the industry, offices in 3 continents and with a lot of industry expertise, ORFIUM is developing new tech products to support various key stakeholders and eventually become the digital operating system of the music industry.


Solution & Product

ORFIUM offers solutions to support Record Labels, Music publishers, Collective Management Organisations (CMOs) and other music companies with managing and improving their data rights in order to increase their revenues and distribute more money efficiently and transparently to the rights owners. ORFIUM is now expanding its enterprise technology offerings internationally across all facets of rights management and monetization in the media rights industry though our core rights management platform, our data services and our UGC claiming solution


Innovation & Scalability

ORFIUM's core stack technology supports all our products for various stakeholders of the music industry. Multiple applications of the same tech can give multiple revenue opportunities from the same revenue flow. What is remarkable with ORFIUM's technology is that our Data Science and R&D departments have produced amazing results by using AI / ML applications to reduce the "noise" in music data rights and enrich them in order to produce better matching results.


Traction & achievements

ORFIUM was founded in 2015, bootstrapped up until very recently, profitable since 2018 and generating millions of revenues. ORFIUM employs more than 200 people, most of them (120+) in our Engineering and Data hub based in Athens,Greece. Our customers include the biggest companies in the music industry and we will be launching new added value products to serve our existing and new customers


Team & Why Us

ORFIUM was founded in Los Angeles, CA by Chris Mohoney and Drew Delis in 2015 and raised a small round of friends-and-family funds with the aim to create the first music UGC platform that runs on rights management technology at its core. Very early on the CTO Michael Petychakis and engineer Dimitris Papaspyros joined the team in Athens, Greece and in January 2016 the ORFIUM platform was launched. In 2017 ex-UMG Board Member and President of Global Digital Business, Rob Wells, was convinced of ORFIUM’s vision and joined as the CEO. Since then the company has been growing fast and Richard Constant and Simon Watt (Well known senior executives of the music industry) have joined the company. It is quite clear that ORFIUM's competitive advantage is that it is one of the very few fast growing companies that truly understand both the technology and music world.


Funding Needs

ORFIUM has already raised a small seed round from Greek investors (BigPi VC) and will be exploring a series A round to fuel its growth.


ONE LINER

We aim to be the digital infrastructure of the music industry.


TEAM


FUNDING

2020 - Seed, VC EUR 1.8M, BigPi VC

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