Jukely raises $2.4m, introduces Unlimited Concerts membership
Funding Will Enable Jukely to Launch and Expand its Unlimited Concerts Membership
08 OCTOBER 2014, NEW YORK, USA
SummaryJukely, a social concert discovery and recommendation service, raised a $2.4m seed round, led by early Spotify investors, Northzone and former Warner Music executive Alex Zubillaga's fund, 14W Ventures. On the heels of this funding, Jukely is introducing a monthly unlimited concert subscription service for $25 a month, and starting an invite only pilot program in New York today.
Jukely, a social concert discovery and recommendation service, announced today that it has raised a $2.4 million seed round led by Northzone and 14W.
Pär-Jörgen Pärson, the Northzone partner working with Jukely, is one of the most prominent venture capitalists in Europe and is a member of Spotify’s board of directors. 14W is led by Alex Zubillaga, the former Head of Digital at Warner Music. Both Parson and Zubillaga were early investors in Spotify and will be joining Jukely’s board.
AngelList’s fund Maiden Lane, Amol Sarva and several other angels are also joining existing investors, who have increased their participation in this latest round. Existing investors include: Larry Marcus (Pandora, SoundHound); Hany Nada (Soundcloud, Alibaba); David Cohen’s Bullet Time Ventures; Paul Sethi; David Lerner; and Charles Goldstuck (Touchtunes CEO), among others. Including this latest seed round, Jukely has raised a total of $3.3 million.
“We could not be more pleased with the completion of this seed round and the absolutely wonderful group of investors who have come together to support what we are doing,” stated Jukely co-founder, Bora Celik. “This round of funding will enable us to launch our Unlimited Concerts membership and expand it into multiple cities. This service makes attending concerts extremely easy for people who wish to see more live music by essentially doing the planning for them and giving them the option to attend a broad range of shows.”
“Jukely has put together an extremely intuitive and innovative approach to putting people in touch with both the music they love and like-minded friends and fans,” said Pär-Jörgen Pärson. “The management and product teams have strong domain expertise and the unique user experience is validated by a quickly growing base of loyal followers. New features such as Unlimited Concerts will continue this success and are sure to fuel the company’s growth.”
Launching in NYC today, Jukely’s Unlimited Concerts membership is an invite-only, monthly subscription service which enables subscribers to attend concerts for free from participating venues and promoters in Jukely’s service for just $25 per month. Jukely will not impose a limit to the number of times subscribers can attend concerts per month. Rather, attendance will only be limited by availability. Subscribers receive messages from Jukely several times a week with available shows and are able to RSVP online to the ones they wish to attend. Currently, Jukely has arrangements with 17 venues in New York and will be adding more shortly. To sign up to request an invitation to the service, click here: http://jukely.com/unlimited
Jukely tracks location aware music taste data across 27 million people, who are Jukely users and their friends. Using this data, it empowers concert promoters and venues to increase traffic to their events via its "personalized concert and friend recommendations technology". It was one of the 11 companies out of 1700 applicants to be accepted into the Techstars NYC 2013 accelerator.
Jukely is cofounded by Andrew Cornett and Bora Celik. Celik, an engineer and concert promoter, put together close to 100 shows including top acts such as Tiesto and Kaskade. Cornett, has been instrumental in designing and building Kickstarter as one of their first employees.