About Sofar Sounds
Sofar Sounds connects artists and audiences through unique live music events held in unconventional venues like living rooms, galleries, and rooftops. The company started in London and has grown to host events in 78 countries, creating a global music community. Sofar Sounds focuses on artist discovery and audience connection by organizing secret concerts that provide an intimate atmosphere for performances. In addition to live events, the company offers services to help artists manage their fan relationships and build sustainable careers. Revenue is generated through ticket sales and artist services, catering to music lovers seeking distinctive concert experiences and artists aiming to expand their fan base.
London, United KingdomHeadquarters
2009Year Founded
$44.6MTotal Funding
LATE_VCCompany Stage
EntertainmentIndustries
501-1,000Employees
Risks
Competition from similar platforms could dilute Sofar's unique market position.
Virtual concert experiences may reduce demand for Sofar's in-person events.
Local noise ordinances may limit venue availability for Sofar's unconventional events.
Differentiation
Sofar Sounds hosts secret concerts in unconventional venues, creating unique music experiences.
The company offers artist services to help performers manage fan relationships and careers.
Sofar Sounds has expanded to 78 countries, fostering a global music community.
Upsides
Increased demand for intimate live music experiences post-pandemic boosts Sofar's appeal.
Partnerships with non-traditional venues enhance Sofar's unique concert offerings.
Expansion of digital tools aligns with Sofar's artist services, aiding artist monetization.
Funding
Total raised$44.64 M
Latest valuation$58.45 M
StageLATE_VC
LATE VC
3/31/2021$12
$58.45 MSERIES B
4/30/2019$25
$125.00 M