Merger for UK music startups Songkick and Crowdsurge
Two UK-based music platforms said they were teaming up yesterday, as concert app Songkick and ticket sales website Crowdsurge announced a 50/50 merger.
In an announcement on its website, Songkick said that the combined company would keep the name Songkick and become the “largest artist-ticketing service in the world.” According to Songkick, the company aims to sell the reported 50 per cent of concert tickets that go unsold. Songkick’s app catalogues concerts and sends users personalised alerts when their favourite artists announce shows.
The company also announced a $16m (£10.4m) funding round from venture capital firms Index Ventures, Sequoia Capital and Access Ventures.