Pinnacle invests in local music startup

Pinnacle Financial Partners is branching out.

On Wednesday, Nashville's $23 billion lender announced a minority equity stake in Artist Growth, a Nashville-based music startup. Artist Growth helps entertainment professionals, from musicians to promoters, manage tours within the company's platform.

A Pinnacle spokesman declined to disclose the value of the bank's stake in Artist Growth.

“The industry has changed, and [Artist Growth founder Matt Urmy] is way ahead of the curve with Artist Growth,”…

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