UK-born ticketing, livestream and music discovery platform DICE has raised as much as $122 million in Series C funding.
The spherical was led by new investor, SoftBank Vision Fund 2, with observe on investments from Tony Fadell’s Future Shape, Blisce, French entrepreneur Xavier Niel, Mirabaud, Cassius and Evolution.
In addition, Tony Fadell, iPod inventor and iPhone co-inventor, is becoming a member of the DICE board to assist additional platform growth and enlargement into venues.
Launched in London in 2014, DICE now works with over 3,600 venues, festivals and promoters globally.
The firm says that it has differentiated itself from opponents with its give attention to “repeat fans”, in addition to its Discovery algorithm, which DICE says is chargeable for over 40% of tickets offered.
According to DICE, with the corporate’s present fee of development, 49,000 artists and creators will use the platform by the top of 2022.
DICE is dwell in the UK, France, Italy, Spain, Australia and, since 2019, the US . In October, DICE launched its app in India.
In addition to bodily occasions, initially of the pandemic final yr, DICE launched ticketed dwell streaming on its platform.
Spanning music, arts and tradition, DICE has powered over 6,400 dwell streams to this point.
With the extra funding, DICE says that it’s going to “significantly grow the company” by increasing attain to artists, followers and venues, whereas hiring new staff members, including to its dwell stream providing, and launching what it calls “an ambitious artist development program” that can see the platform work with extra artists instantly on their dwell technique.
DICE makes use of digital act Bicep as case examine, reporting that the act grew from 300 to over 30,000 tickets per occasion in London on account of their unique partnership with DICE.
“We believe DICE’s technology has the capacity to transform the future of live entertainment.”
Yanni Pipilis, SoftBank Investment Advisers
Yanni Pipilis, Managing Partner for SoftBank Investment Advisers, mentioned: “We believe DICE’s technology has the capacity to transform the future of live entertainment.
“Alongside the flexibility and security of seamless ticketing, the platform connects fans, artists and venues in a completely new way… We are excited to partner with DICE to help create remarkable event experiences for fans all over the world.”
“DICE is rewiring the live experiences industry. We have proven that if you treat fans well, they go out more.”
Phil Hutcheon, DICE
Phil Hutcheon, CEO and Founder of DICE, added: “DICE is rewiring the live experiences industry. We have proven that if you treat fans well, they go out more.
“We’re overhauling an unfair, inefficient system by pioneering a transparent, data-led, fan-first approach – building a scalable ecosystem that helps artists, promoters and venues thrive. To have SoftBank as a partner enables us to expand into every market.”
“We’re excited to use the DICE model globally, hopefully building similar success in all of our key markets.”
Oli Isaacs, Manager, Bicep
Oli Isaacs, Manager of Bicep, mentioned: “We began working with DICE as soon as Bicep started doing live shows in London.
“They encouraged us to sell tickets direct to the fans on the app and to trust the data allowing us to invest in the event rather than extra marketing. We plotted out a strategy, selling out quickly, delivering exponential growth show by show.
“This has allowed us to stay independent and choose our partners. It has worked amazingly for the artist, our fans, partners and label. We’re excited to use the DICE model globally, hopefully building similar success in all of our key markets.”
“DICE re-engineers the entire live industry, not just a part of it: Venues are connected to fans and artists.”
Tony Fadell, DICE
Tony Fadell mentioned: “The concert business is a tangled mess of archaic tools and taxing ‘industry standards’ where artists are paid last. Venues shell out for marketing and are beholden to ticket conglomerates.
“Fans have to hunt for shows and regularly buy overpriced tickets from secondary markets or scalpers. This doesn’t make sense!”
“DICE re-engineers the entire live industry, not just a part of it: Venues are connected to fans and artists.
“Artists get transparency, access and control. Fans easily discover local shows and global live streams, and buy scalper-safe tickets with a single click. I’m ecstatic to be joining the DICE board and to be part of another entertainment revolution.”
In May, Russ Tannen, DICE’s Chief Revenue Officer, was promoted now President of DICE.
In March, DICE expanded into the direct-to-fan merchandise business with Merch On DICE, a function it says will enable artists to run unique, restricted-run ‘product drops’ in the lead as much as a present, which can solely be out there to followers attending the dwell reveals or dwell streams.Music Business Worldwide
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