November 8, 2017:Crowdsourced-gigs service MyMusicTaste raises $11m

South Korean startup MyMusicTaste has raised a Series C funding round of $11m for its service which enables fans to request gigs by their favourite artists.

KTB Network led the round according to TechCrunch, with Softbank and Samsung’s investment arms also part of the funding.

The news came with some new stats on MyMusicTaste’s growth: it has just over 1.3 million users, and has organised 41 concerts so far in 2017, with plans to grow that to more than 100 in 2018. The company has also raised $22.3m of funding so far.

MyMusicTaste isn’t just a Korean thing though: the company claims that 27% of its users are in Europe, 20% in North America and 14% in Latin America, although it’s also true that some of the concerts it’s organising in those regions are for K-Pop artists, tapping in to the South Korean diaspora.

The company is planning to open offices in Los Angeles as well as Europe to capitalise.

Stuart Dredge
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