Jukely Adds $8 Million In Funding To Expand $25/Mo. Concert Subscription Service
Jukely promised tickets to unlimited concerts for just $25 a month; and they appear to be delivering in way that's exciting live concert fans and encouraging discovery. To fuel expansion, investors have just added $8 million in funding.
Concert discovery app Jukely has raised $8 million in a seed extension round from existing investors, led by Spotify investors Northzone and Alex Zubillaga's 14W,. There was also additional participation from Lyor Cohen, Larry Marcus, Hany Nada, Maiden Lane and GroupMe founders Steve Martocci and Jared Hecht. The startup had raised a total of $3.3 million in three previous rounds.
The new funding will be used to grow the team and expand Jukely's Unlimited service into more cities. Since launching last October, the concert subscription service has launched in 10 cities: New York, Los Angeles, San Francisco, Austin, Chicago, Miami, Toronto, Seattle, Philadelphia and Denver.
Jukely Unlimited enables music fans to attend an unlimited number of live shows in their area for just $25 per month. With an Unlimited Plus membership, subscribers have the option to either bring a friend along to shows or use the additional pass for themselves to gain entry into a separate show the same day for $45 a month. New shows go live daily on the site at 11 a.m. posting about 3 days before the event takes place.
Jukely's subscribers are going to 2-3 shows per month on average, according to the startup; and 65% say their going to see artists they'd never heard of before.
"The service has proved to generate additional revenue and is clearly expanding the market for the live music industry by getting music lovers to attend shows they normally wouldn't go to see," said Bora Celik, Jukely Founder.
Jukely is currently hiring for design, engineering and marketing roles: http://jukely.com/jobs.