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A Sellaband profile
Website information
SloganFan Funded Music
Type of siteSocial network / Music
RegistrationRequired for buying parts, not required for listening
Available languagesEnglish, German, French, Spanish, Portuguese
OwnerSellaband AG
Created byJohan Vosmeijer, Dagmar Heijmans
LaunchedAugust 2006 / Bankrupt Feb 2010

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Sellaband is a music website that allows artists to raise the money from their fans and the SellaBand community in order to record a professional album. It was set up by Johan Vosmeijer (ex Sony/BMG), Pim Betist (ex Shell), and Dagmar Heijmans (ex Sony/BMG) in August 2006. Its offices are located in Amsterdam, Netherlands, but it was originally incorporated in Bocholt, Germany. In October 2010 the post-bankruptcy company moved to Munich, Germany.

On April 8, 2008, SellaBand raised EU-3.5 million (US$5 million) in their Series A round led by Prime Technology Ventures.

In early 2009, Pim Betist left SellaBand to set up Africa Unsigned, using SellaBand technology as a base and supported by the Dutch government.

In January 2010, Sellaband filed for Bankruptcy. It relaunched days later, after an investor stepped forward. However, crucially, the terms and conditions were changed so that Believers could no longer withdraw funds they invested in Sellaband.

The site has seen much less activity since the relaunch, and many artists and Believers have left or become inactive.

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