The funding will enable the startup to "rapidly scale to meet demand, secure top artists for projects and invest in product innovation"
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The startup has confirmed partnerships with Martin Garrix, David Guetta, Snoop Dogg and more, following a €5m seed round and a number of hires
By IQ on 14 Oct 2021
Immersive music experience startup Stage11 has announced partnerships with world-famous artists Martin Garrix, David Guetta, Snoop Dogg, Ne-Yo and Akon.
The news follows a €5 million seed round led by Otium Capital, a European venture capital fund backed by Stage11 founder and CEO, Jonathan Belolo.
Belolo is the co-owner of French record label Scorpio Music, which has a 45-year history in the music industry.
Belolo is joined by co-founders Jean-Philippe Braud and Gregory Dhonner, the co-founder and director of business development for Profirst, a luxury event agency for brands in fashion, beauty, and art (Armani, Chanel, Kering, L’Oréal, LVMH).
Also joining as co-founder is Mani Nordine, the president of American Artists Company, specialising in managing A-list artists and celebrities bookings (Rihanna, Nicki Minaj, Nas & Lady Gaga).
Stage11 is using the funds to onboard strategic hires, sign key artist and brand partnerships and build its technology platform
Stage11 says it will use the funds to onboard strategic hires, sign key artist and brand partnerships and build its technology platform.
Amongst those new hires are executives who have previously worked for the likes of Assassin’s Creed, Facebook Oculus, Ferrari, Happy Feet, LVMH, Marvel Avengers, Microsoft Kinect, Nike, and Virgin.
Founded in 2020, with offices in both Paris and LA, Stage11 aims to tap into several of today’s fastest-growing markets including gaming, AR/VR, virtual events, and digital goods.
The company claims that it’s “setting out to redefine the interactive music experience” by combining gaming, mixed reality, and digital collectables.
It will achieve this by “building a new creative canvas for artists, allowing them to invite fans to live, play, and create inside their performances and musical worlds”.
We are combining genres, realities and cultures to build something bold, thrilling and timeless
“These worlds combine immersive gameplay sequences, life-like performances, cinematic narratives and exclusive digital collectables,” according to Stage11.
“Fans can not only discover and collect but actually use these interactive NFTs to create and share unique personalised content and even perform with their favourite artists.”
Stage11 can be accessed on desktop and mobile and the company’s first music experience is set to debut in 2022.
“As a gamer and sci-fi nerd, It feels like I’ve been dreaming about the metaverse my entire life,” says Belolo.
“Now that as a society we’re on the cusp of making it real, I find myself blessed to be part of an incredible team setting out to explore the new frontier. Building immersive music events and experiences is just the first step.
“We are on a journey together to reimagine the way artists and brands connect, even co-create, with their fans and audiences. We are combining genres, realities and cultures to build something bold, thrilling and timeless — yet accessible and fun.”
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