Pirate is the company that operates self-serve studios for artists, DJs, podcasters and dancers to book online and use to record or rehearse. It has 737 of them across the UK, Germany, US and Ireland, and now it has secured an undisclosed amount of funding from investment firm Edge VC to continue growing.
Pirate also recently passed the milestone of 250k customers, hitting 1m bookings in January this year too. “We are delighted to welcome Edge as an investor at a time where the creative economy is being recognised as an exciting investment opportunity,” said CEO David Borrie.
Pirate hasn’t published its financial results for 2020 or 2021 yet – two years where Covid-19 will have delivered a hit to a business renting out physical locations – but in 2019 its revenues nearly doubled to £3.6m according to its financial results. Pirate recorded an operating loss of just under £9m that year.