Ticketing platform Songkick secures funding to the tune of $15m
London-based music app plans to use latest investment from Access Industries to prevent scalping and help artists sell more tickets
Music monitoring app Songkick has closed a $15m funding round from Access Industries; taking its total funding to over $60m.
Founded in 2007 and based in London, Songkick allows you to track where and when your favourite artists are playing live and purchase tickets to their concerts.
Action point: Could a loan help you to start a business? See how we may be able to help here and here
Using its app and web platform, you can merge your music collection (say via Spotify) with its inventory of live gigs so you can find out where your favourite band or artist is playing without having to do the legwork.
In June 2015, the business merged with artist-ticketing service Crowdsurge and has signed up a number of high-profile artists to the service such as Adele, Tinie Tempah and Paul McCartney.
It intends to use the investment, which follows an earlier $10m round from Access Industries, to increase ticket sales and prevent scalping.
Matt Jones, chief executive of Songkick, said:
“The biggest myth in live music is that ticket scalping is somehow impossible to prevent, but with the right focus and the right tools, these issues can be solved, and Songkick is at the leading edge of solving them.
“We’ve always been focused on aligning with artists and connecting them directly with their fans.”