London-based Songkick has announced that they have pulled in another $10 million in a Series D from Access Industries, which it simply says that it intends to put towards “further innovation”. The startup, which also counts Index Ventures and Sequoia Capital among backers, has previously raised $32.62 million and maintains offices in London, New York, Los Angeles, and Nashville.
Songkick emerged with the aim of reducing the amount of unsold tickets out there (it says that this figure is as high as 40-50% globally) by offering a platform through which people can follow artists and receive a personalized concert calendar, as well as notifications about sales for upcoming events. At the moment, the company reports that they work with more than 500 major artists to deliver tickets directly to fans, thus avoiding the secondary market.
Songkick has been around since 2007, but has seen growth explode through a June merger with artist-ticketing service CrowdSurge, revealing that they have since tripled European sales and are now selling tickets for 1 out of every 3 concerts in London. The startup also states that they connect with more than 10 million unique fans monthly and helped artists like Adele, Kenny Chesney, Metallica, J Cole, Mumford & Sons, and others to sell tickets in 48 countries this year.