Summer Walker’s Label LVRN Gets Investment From Matt Pincus’ MUSIC – Billboard

MUSIC, a holding company co-founded by SONGS Music Publishing founder Matt Pincus, has invested in LVRN (Love Renaissance), the Atlanta-based label and management company behind R&B recording artists Summer Walker, 6lack and BRS Kash.

The investment values LVRN at more than $100 million. Pincus declined to reveal the amount of the investment but disclosed to Billboard that he’s invested a total of $80 million across four deals — including Kobalt, U.K.-based ticketing company Dice and, an AI generative platform — in amounts ranging from $10 million to $40 million. The size of the LVRN investment is “over the midpoint of that range,” he says.

LVRN is expected to use the new capital to expand benefits and programs for its employees while continuing to expand internationally, with a focus on the U.K. and West Africa.

LVRN was founded in 2012 by Georgia State University students Carlon Ramong, Justice Baiden, Junia Abaidoo, Sean Famoso McNichol and Tunde Balogun. Its management clients include dvsn, a Toronto R&B duo signed to Drake‘s OVO Sound label. LVRN’s label is distributed through Universal Music Group’s Interscope Records. It also has a publishing partnership with Warner Chappell Music.

Pincus says he was attracted to LVRN for its combination of youth and experience. “They’re just really good,” he says of LVRN’s founding team. “Young and seasoned is really hard to find.” The co-founders, who were joined by former Capitol Music Group executive Amber Grimes as executive vp/gm in 2022, have built solid relationships throughout the industry, he adds. “They’ve done a good job at championing their artists but also getting people to champion them because they’re good people.”

Pincus’s MUSIC, a joint venture with merchant bank LionTree, with additional backing from JS Capital Management and Schusterman Family Investments, raised $200 million in May 2022.

Previously, Pincus founded SONGS Music Publishing, which was acquired by Kobalt Capital for a reported $160 million in 2017.

Balogun cited Pincus’s entrepreneurship as a crucial factor in his involvement with LVRN. “His hard-earned expertise makes him a very valuable resource for LVRN and we are so fortunate to have him play a role in our continued expansion,” he said in a statement. “This infusion of capital will empower us to continue to expand our operations globally and support local Black-founded businesses as we do so.”

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