The German company, which cuts out traditional concert promoters by allowing artists to track demand for and organise their own shows, has a new office in California
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The German start-up, which gives up-and-coming musicians a platform to crowdsource live shows, has reportedly secured a six-figure sum from investors
By IQ on 11 Jul 2016
Stagelink, a Berlin-based start-up that bills itself as a ‘fan-powered tour promoter’, has completed its second round of seed funding.
Investment firm Chione is the lead investor, reports Gründerszene, with film production company DCM, comedienne Carolin Kebekus and Thomas Hesse of Bertelsmann also taking part.
The company’s initial financing round was in October 2014, when it raised US$118,000. Terms of the latest investment were not disclosed, although an “informed source” speaking to Hypebot puts the figure at the “high six-digit euro” mark.
The money will, says Stagelink, be used to fund international expansion in the US and UK.
Stagelink offers artists a way to “crowdsource live events without risk” by allowing them to find fans and track demand for their shows worldwide and plan tours accordingly. It offers its services for a 15% cut of each ticket sold.
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