DICE financing round

Image Credit: DICE

Independent music ticketing platform DICE reveals a $65 million financing round led by varied investment firm MUSIC.

DICE, the biggest independent music ticketing platform, has actually revealed an effective $65 million financing round led by MUSIC, the very first varied investment firm focused specifically on music and music-adjacent companies. Other financiers consist of Structural Capital and Ahdritz Holding LLC, the financial investment automobile for Willard Ahdritz, creator and chairman of Kobalt Music, with follow-on financial investments from Exor Ventures and Mirabaud Lifestyle Fund.

The current round of financing will assist speed up DICE’s launch in extra cities as it continues to broaden throughout the United States and globally. New collaborations will be revealed in the coming weeks on the heels of landmark handle Europe, consisting of location Alexandra Palace; advanced cultural center, the Institute of Contemporary Arts; and current renewals with Troxy and others.

DICE now boasts countless fans utilizing the platform to find and participate in live occasions. More than 55,000 artists and over 10,000 places, celebrations, and promoters will utilize DICE to offer their tickets throughout 30 cities this year. The brand-new financing will assist support DICE’s continuous item financial investments to develop the very best experience possible for fans and eliminate barriers avoiding individuals from heading out regularly.

“The live music market is embracing DICE faster than ever and shows our thesis that if you deal with fans well, they purchase more tickets and head out more frequently,” states Phil Hutcheon, CEO and Founder of DICE. “We’re investing greatly in structure a lot more innovation, and this year alone, we launched over 60 brand-new functions for fans, locations, and artists. I’m thrilled that Matt (Pincus) has actually signed up with the Board, and we’re more concentrated than ever on our objective to get fans out more.”

“DICE did the difficult: they made purchasing a ticket enjoyable,” states Matt Pincus, Co-Founder and CEO of MUSIC and current addition to DICE’s Board of Directors. “And by doing that, they ended up being far more than a deal supplier. DICE is the premier user-centric engagement platform for the most crucial customers in music: individuals who like to go to programs.”

Ali Byrd has actually likewise been revealed as DICE’s Chief Financial Officer, signing up with DICE with more than a years’s experience supporting fast-growth business. He formerly held senior positions at Microsoft, CoverWallet, and Limewire and most just recently supported Olive, a disruptive AI health care innovation business based in the United States.

Byrd’s working with follows a string of tactical hires, consisting of the consultation of music market veteran Caron Veazey to DICE’s Board of Directors, and Katie Soo– previous SVP of Growth and Marketing at HBO Max– as Chief Business Officer to assist drive DICE’s tactical development and marketing.