Loading organizations...
Coop Records is a hybrid onchain record label, web3 venture fund, and incubator based in an undisclosed location that releases music exclusively on blockchain platforms rather than traditional streaming services. The organization operates a $10 million dedicated early-stage investment vehicle, Coop Records Fund I, which strategically targets platforms, protocols, artists, and tokens within the decentralized music ecosystem. Instead of utilizing conventional distribution networks, the firm generates revenue by selling digital music records in cryptocurrency and distributing exclusive audio content through specialized web3 platforms such as Sound.xyz and Warpcast. The hybrid entity also functions as an active incubator to develop alternative monetization models for independent musicians and web3 founders, building upon the industry recognition its creator previously received in the Fortune NFTy 50 list. Coop Records was officially founded in the year 2022 by entrepreneur Cooper Turley.
Coop Records has raised $5.0M across 1 funding round.
Coop Records has raised $5.0M in total across 1 funding round.
Coop Records has raised $5.0M in total across 1 funding round.
Coop Records's investors include FounderPartners, Roneil Rumburg.
Coop Records has raised $5.0M across 1 funding round. Most recently, it raised $5.0M Seed in September 2025.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Sep 1, 2025 | $5M Seed | — | Founderpartners, Roneil Rumburg | Announced |
Coop Records is a hybrid web3 venture fund, record label, and incubator that operates a blockchain-based music platform, blending music creation, collection, community engagement, and investments in the next generation of music startups.[1][2][4] Founded in 2021 and based in Los Angeles, it raised $4.5 million in funding led by 1kx and Nascent, with participation from 1confirmation and CB Ventures via the Base Ecosystem Fund, to enhance its on-chain music launch platform.[2][3] The platform serves artists, collectors, and fans by enabling discovery of tracks from emerging talents like Taiki Nulight and established names like Zeds Dead, while using cryptocurrency for secure transactions, limited-edition drops, and direct artist support.[1][3]
As a seed-stage fund, Coop Records focuses on music tech, providing operating support to founders and artists in a space where blockchain redefines consumption, ownership, and monetization.[2][4]
Coop Records was founded in 2021 in Los Angeles, California, positioning itself as a seed-stage venture capital fund targeting the evolution of music through web3 technologies.[2] It emerged as a hybrid model combining venture investing, record label operations, and incubation, working directly with founders and artists to build blockchain-integrated music experiences.[4] Key figures include Jake Nixon, VP of Music, amid a small team of about 7-8 employees.[2]
Early momentum came from securing $4.5 million across two funding rounds, led by prominent crypto investors like 1kx and Nascent, which fueled platform development amid the rise of on-chain music distribution.[3] This funding marked a pivotal moment, enabling expansion of features like exclusive drops and community rewards.[1][3]
Coop Records rides the wave of blockchain-based music distribution, where NFTs, on-chain ownership, and crypto payments disrupt traditional streaming royalties and artist monetization.[1][3] Timing aligns with 2025's maturing web3 ecosystems like Base, enabling scalable music platforms amid crypto's shift toward real-world utilities like creator economies.[3] Market forces favoring it include rising demand for fan-owned digital collectibles and decentralized finance in entertainment, positioning Coop Records to influence how music intersects art, tech, and finance.[1][4]
By incubating startups and artists, it strengthens the music tech startup ecosystem, competing with legacy distributors while amplifying web3 adoption in a $30B+ industry.[2]
Coop Records is poised to scale its platform with $4.5M fueling deeper blockchain features, potentially onboarding more high-profile artists and expanding to full music DAOs.[3] Trends like AI-music generation, metaverse concerts, and regulated crypto payments will shape its path, amplifying its hybrid model amid web3's push into consumer apps.[1][3] Its influence may evolve from niche incubator to ecosystem leader, redefining music ownership as funding rounds signal strong VC confidence in on-chain creativity.[2][3] This fusion of investment and innovation cements Coop Records as a pioneer at music's digital frontier.
