Impartial music ticketing platform DICE proclaims a $65 million funding spherical led by diversified funding firm MUSIC.
DICE, the most important impartial music ticketing platform, has introduced a profitable $65 million funding spherical led by MUSIC, the primary diversified funding firm targeted solely on music and music-adjacent companies. Different traders embrace Structural Capital and Ahdritz Holding LLC, the funding car for Willard Ahdritz, founder and chairman of Kobalt Music, with follow-on investments from Exor Ventures and Mirabaud Way of life Fund.
The newest spherical of funding will assist speed up DICE’s launch in extra cities because it continues to increase throughout the US and internationally. New partnerships will likely be introduced within the coming weeks on the heels of landmark offers in Europe, together with venue Alexandra Palace; cutting-edge cultural heart, the Institute of Modern Arts; and up to date renewals with Troxy and others.
DICE now boasts tens of millions of followers utilizing the platform to find and attend reside occasions. Greater than 55,000 artists and over 10,000 venues, festivals, and promoters will use DICE to promote their tickets throughout 30 cities this 12 months. The brand new funding will assist help DICE’s ongoing product investments to create one of the best expertise attainable for followers and take away obstacles stopping individuals from going out extra typically.
“The reside music trade is adopting DICE quicker than ever and proves our thesis that if you happen to deal with followers effectively, they purchase extra tickets and exit extra typically,” says Phil Hutcheon, CEO and Founding father of DICE. “We’re investing closely in constructing much more expertise, and this 12 months alone, we launched over 60 new options for followers, venues, and artists. I’m excited that Matt (Pincus) has joined the Board, and we’re extra targeted than ever on our mission to get followers out extra.”
“DICE did the inconceivable: they made shopping for a ticket enjoyable,” says Matt Pincus, Co-Founder and CEO of MUSIC and up to date addition to DICE’s Board of Administrators. “And by doing that, they grew to become far more than a transaction supplier. DICE is the premier user-centric engagement platform for crucial shoppers in music: individuals who like to go to reveals.”
Ali Byrd has additionally been introduced as DICE’s Chief Monetary Officer, becoming a member of DICE with greater than a decade’s expertise supporting fast-growth corporations. He beforehand held senior positions at Microsoft, CoverWallet, and Limewire and most lately supported Olive, a disruptive AI healthcare expertise firm primarily based within the US.
Byrd’s hiring follows a string of strategic hires, together with the appointment of music trade veteran Caron Veazey to DICE’s Board of Administrators, and Katie Soo — former SVP of Progress and Advertising at HBO Max — as Chief Enterprise Officer to assist drive DICE’s strategic progress and advertising.