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. SellaBand uses the mechanisms of Crowd-funding and is to be seen as a Direct-to-Fan / Fan-funded music platform utilising a Threshold Pledge System / Provision Point Mechanism. 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 used to be located in Amsterdam, Netherlands, but it was originally incorporated in Bocholt, 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. The office was relocated to Munich, Germany.
Read more about Sellaband: SellaBand 2, Believers, Partnerships, Events, Artists Who Reached Their Goal, Old Model, Criticism, See Also