Live Event Merchandise Startup atVenu Raises $1.1 Million Round led by Real Ventures

Posted by Techvibes NewsDesk

Today atVenu announced today the closing of $1.1 million of venture capital financing led by Real Ventures of Montreal and including private investors from the US and Canada.

Launched in January 2013, atVenu facilitates artist merchandise sales at live events, automates venue splits, forecasts product needs, and provides real time inventory management analytics.

The atVenu web and mobile app is currently being used by over 500 music artists including Luke Bryan, Kid Rock, John Mayer, and Train. Over $52 million in merchandise was tracked with the atVenu platform in 2013.

“atVenu is clearly the leader in the next wave of real time tools to help artists maximize their potential revenue from merchandise at their live performances,” said Chris Cornell, President of Manhead Merchandise, representing artists such as Train, Fall Out Boy, Panic at the Disco, and Steve Aoki. “That is why Manhead selected atVenu to power all of our managed tours.”

atVenu was co-founded by merch rep, label owner, and artist manager Ben Brannen, serial tech entrepreneur Derek Ball, and experienced tech startup CTO James Seigel.

Ball was the founder of Calgary startup Tynt which raised $12 million before it was acquired by 33Across in 2012. ”It has been an amazing year for atVenu, working with many of the industry’s top artists to improve how they manage and profit from their tour merchandise”, said Derek Ball, CEO and cofounder of atVenu. “We are very proud to have attracted such an impressive client roster, and amazing lead investor for this round.”

“We are very excited to back the incredible team behind atVenu,” said JS Cournoyer General Partner at Real Ventures. “They really are a passionate group with a powerful combination of music industry expertise and proven entrepreneurial execution.”

Company:
Real Ventures
Website:
http://www.realventures.com
Location:
Montréal, Québec, Canada

We look for inspiring entrepreneurs who exhibit unique insight and appreciation of their target market and industry. You can be first time or seasoned. If you have passion, vision and a big opportunity we want to work with you. We’ve had our successes and failures, so we should know what you’re going through and so we look for entrepreneurs who want our input and are open to this collaborative approach. We look to... more

Company:
atVenu, Inc.
Website:
http://www.atVenu.com
Location:
Calgary, Alberta, Canada

The atVenu Live Event Merchandise platform facilitates the sales of physical products to real people attending live events. atVenu launched its merchandise management features in January 2013 to a closed invite list. Word of mouth spread and it’s now used by many hundreds of artist and their teams for both supply and managed tours. In it’s first year atVenu settled over 11,000 shows and managed more than $50... more


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Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property.Founded in 2002, Techvibes covers technology and business news that impacts Canadians. We combine breaking local news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and publishes general news stories. If you have a story you would like covered, email... more



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