Thyra Global Management

Venture Capital

Venture Capital

Thyra makes investments in early-stage companies that are helping shape the future. We invest in leading technology and consumer startups of all sizes. We focus on investing in Seed to Series B stage companies. 

12
Venture deals to date
$150 Million
Cumulative portfolio companies’ revenue growth since initial investments
$500 Million
Cumulative valuation expansion since initial investments

Portfolio Companies

Consumer

Technology

Software


Music Investments

EXITED VIA IPO – 2021

In 2013, the Income Fund Music Publishing Series backed our co-investment partner, Round Hill Music, in the acquisition and management of iconic music copyright assets.  Our thesis at the time was that music copyrights were undervalued based on historic revenues at a time when CD sales had disappeared, yet streaming revenues had not yet scaled.  Thyra believed that as streaming increased dramatically in the years from 2013 onwards, and the internet enabled better overall exploitation and tracking of performance royalties, the RHM team would maximize value across the portfolio of acquired assets.  The assets acquired were already generating annuity-like, predictable cash flows from royalty streams. Secure intellectual property. Low correlation to other asset classes.  Diversified by genre, artist and musical area. Iconic assets demonstrate enduring value and repeat usage. Historically active marketplace for buyers - ie, liquidity. Our co-investment partner’s team had >140 years of combined experience executing this strategy, had collectively completed more than 50 catalogue acquisitions valued at over $750mm, and had access to proprietary deal flow. Our partners demonstrated a proven ability to source, execute and integrate catalog acquisitions as well as create upside value from licensing, collection and song placement. The team acquired partial or full copyrights to more than 10,000 songs including The Beatles “I Saw Her Standing There” and Bruno Mars’s “Billionaire”, as well as songs from other iconic artists including: The Rolling Stones, Frank Sinatra, Billie Holiday, Ella Fitzgerald, Miles Davis, James Brown, Katy Perry, and Bon Jovi.   RHM listed a public vehicle on the London Stock Exchange in late-2021, to which Thyra sold its interests in RHM – completing our exit by May 2021.