VNUE lands $8M equity funding commitment
Live music tech startup VNUE has entered into a securities purchase agreement for the sale of up to $8 million of its common stock.
The new VNUE investment is backed by New York-based GHS.
The company is developing and implementing solutions for music licensing and the monetization of live events and concerts including Soundstr MRT, a live music recognition technology.
“Over the last five years, VNUE has achieved nothing short of miracles on what I would call ‘dribs and drabs’ of small funding tranches,” said Zach Bair, CEO of VNUE. “So imagine what we can do with real funding.”
“We’re excited to invest in VNUE’s success. We’re especially thrilled to invest in their platform technologies which completely disrupts the paradigms of the music industry in multiple ways. We anticipate continued progress by the Company, and are glad to be a part of their overall growth,” said Matthew Schissler, Founder and Member of GHS Investments.
Bruce Houghton is Founder and Editor of Hypebot and MusicThinkTank and serves as a Senior Advisor to Bandsintown which acquired both publications in 2019. He is also the Founder and President of the Skyline Artists Agency and a professor at the Berklee College Of Music online.