Troy Carter loses Lady Gaga amidst set up of new USD75 million fund

By Rizza Sta. Ana

Nov 05, 2013 09:48 AM EST

Rising technology investor Troy Carter would no longer represent musical artist Lady Gaga, said a Techcrunch report. Citing multiple sources of The Hollywood Reporter Showbiz411, Lady Gaga had split from Carter, who had managed the music superstar since 2007. The reports came as Carter is currently focused on raising a new investment fund valued at USD75 million.

Carter had spearheaded some of Lady Gaga's success in the music industry, most notably the singer's social media presence. Lady Gaga currently has 60 million Facebook fans and 40 million Twitter followers.

According to the Hollywood Reporter, the split was due to creative differences between the two. Although a representative of the tech investor did not respond to Techcrunch's request for comment, a source disclosed that Lady Gaga had severed her ties with Carter to to the latter's busy schedule.

Carter, who owned venture capital fund AF Square, would want to raise USD75 million to USD100 million to invest in brilliant founders.

© 2024 VCPOST, All rights reserved. Do not reproduce without permission.

Join the Conversation

Real Time Analytics