# Beatport Secures Square Nine Capital Financing

> Beatport gets new funding from Square Nine Capital to boost its music platform.
- Title: Beatport Secures Square Nine Capital Financing | Shortify
- Summary: Beatport gets new funding from Square Nine Capital to boost its music platform. Beatport secured new financing led by Square Nine Capital to refinance…
- Keywords: beatport, square nine capital, axar capital, matt gralen, rob mcdaniels, electronic music, debt financing, music, business, Secures, Square, Nine
- Source: Music Business Worldwide — https://musicbusinessworldwide.com/beatport-secures-financing-led-by-square-nine-capital-refinancing-existing-credit-facility
- Published: 2026-10-05T10:02:08+00:00
- Read time: 1 min
- Topics: beatport, square nine capital, axar capital, matt gralen, rob mcdaniels, electronic music, debt financing, music, business
## Beatport Secures New Financing
Beatport, the music platform for DJs and producers, has secured new financing led by Square Nine Capital.
## Refinances Existing Credit Facility
The deal refinances an existing Beatport credit facility and brings additional capital into the company.
## Square Nine Capital Details
Square Nine Capital provides debt investments at or near the top of the capital structure without taking control equity stakes.
## Beatport's Expansion Strategy
The deal will provide Beatport with additional flexibility to invest across its platform, products and broader ecosystem as the company expands its offerings for music creators globally.
## Axar Capital Ownership
Axar Capital, identified as Beatport’s majority owner in 2022, sat on the board of directors when the company expanded its board.
## Leadership Transition
Matt Gralen became CEO of Beatport three months after succeeding Robb McDaniels as President and Chief Financial Officer in April.
## Growth Under McDaniels
Beatport’s revenue more than quadrupled under Robb McDaniels, and its annual customer base passed one million.
## Key takeaway

Beatport secured new financing led by Square Nine Capital to refinance existing credit and expand its platform for global music creators.