Triton bets $1M+ on VNUE as live music preps for ‘Roaring Twenties’ return
VNUE, a technology company focused on the live music sector, has landed a $1 to $2 million commitment from Triton Funds.
Investor interest in live music and related technology is heating up as the live sector awakens from a COVID-induced pause to what many analysts see as a “Roaring 20’s” surge of pent-up consumer demand.
VNUE’s portfolio is focused on the monetization of live music for artists, labels, and publishers, with products including the set.fm instant content distribution platform (www.set.fm), “instant live” pioneer DiscLive (www.disclive.net), and Soundstr music recognition technology (www.soundstr.com).
Triton will invest up to $1 million in VNUE common stock and may invest an additional $1 million pursuant to warrant agreements.
Triton Funds is the nation’s largest student venture investment fund, with $25 million AUM managed entirely by students from UC San Diego.
“After five years of receiving small amounts of funding, this finally provides fuel in the tanks to ‘swing the bat’ and fully execute our plan,” said Zach Bair, CEO, and Chairman of VNUE.