A pitch to present artists a means to present geo-fenced, are residing events to fans around the arena has brought the fresh Los Angeles startup Moment House $1.5 million in seed funding.
The money came from heavy hitters in the Los Angeles entertainment and investment scene including Scooter Braun, Troy Carter, Kygo’s Palm Tree Crew and Jared Leto. Patreon chief executive Jack Conte and Sequoia Capital partner Jess Lee moreover participated in the round.
Forerunner Ventures led the deal and the investment became once made by Kirsten Green, the agency’s notorious founder and managing partner. Kevin Mayer, the aged chief executive of TikTok; GV chief David Krane; Aaron Levie from Box; the tech media and entertainment guru, Matthew Ball; and product maestro Eugene Wei all participated in the round as properly.
Based by Arjun Mehta, Shray Bansal, and Nigel Egrari, the firm grew out of work the three men did whereas attending USC and the USC Jimmy Iovine & Dr. Dre Academy for the Arts, Skills and the Industry of Innovation.
The firm touts itself as the highest approach for artists to produce online events for their fans.
For its first foray into are residing entertainment, Moment House is going to host a geo-fenced, field-particular tour for the musician Yungblud. Other ticketed events from Kygo, blackbear, Kaytranada, Denzel Curry and Ruel will word, the firm acknowledged.
For musicians, the firm’s pitch of ticketing safety, merchandise integrations international funds enhance, should were song to their ears — on yarn of all of those aspects add up to at least one thing… money.
And performers on the platform hold all of the impress revenues, with Moment House getting cash by charging fans a puny payment.
In a press open, firm co-founder Arjun Mehta acknowledged that the firm’s technology and repair wasn’t a response to the COVID-19 pandemic, but barely a means to produce bigger the live efficiency going ride with a web approximation.
“Moment House is empowering artists to articulate digital experiences that in level of fact feel authentic and compelling,” acknowledged Leto, in a press open. “I became once drawn to the uncommon create-driven plot on yarn of that’s what is essential to produce a brand fresh class right here.”