, a festival aggregation and promotions site, announced this week it has raised $3.6 million in funding.
Live Nation co-led the series A round along with ATX Seed Ventures. Other investors included Red Frog Events, Chip Conley and Bob Kagle.
The company plans to use the funds to hire key employees and on product development and marketing.
To date, Everfest has raised $6 million.
“We’re thrilled to have Live Nation and ATX on board,” Everfest Co-founder and CEO Jay Manickam said in a news release. “These are the perfect partners for our space, and we truly have an opportunity to leave a lasting mark on the global festival industry.”
Everfest, founded in 2014, lists more than 15,000 festivals worldwide on its site that is easily searchable. It offers a premium product to subscribers that includes exclusive experiences and discounts at its more than 100 partner festivals. It also publishes a magazine.
Everfest also plans to move into new headquarters on South Lamar, near Oltorf, in a space formerly occupied by Mockingbird Domestics.
As part of the deal, C3 Presents (Lollapalooza, ACL) co-founder Charlie Walker and Chris Shonk of ATX will join Everfest’s board.
“We love what Everfest is doing to give festivals a true online home,” Shonk said in a news release. “This is a massive, growing industry, and Everfest is providing a technology layer that to date has been lacking. We see enormous potential to build efficiencies in connecting the entire festival network, such that the whole industry is driven forward.”
#URLinkedUp Austin technology Archives – SiliconHills http://www.siliconhillsnews.com/2017/06/02/everfest-raises-3-6-million-in-vc-funding/
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