Social music-tech platform announces £1.9m funding
Vampr, dubbed the LinkedIn for creatives, has today announced a further £570k in funding – taking its total investment raised to £1.9m – alongside the opening of a London office.
In an oversubscribed crowdfunding round, the company raised the maximum permitted in a 12 month window under Reg CF laws with over 2,000 investors, as the music tech start-up lays down plans for its upcoming Series A.
The funding will go towards further expansion with a desktop experience and new live streaming tools planned to allow creatives to broadcast their performances to the world, helping to cement Vampr as the only 360° self-service platform for artists.
Founded in 2015 by Josh Simons, and songwriter/guitarist and tech entrepreneur, Baz Palmer, Vampr began as a social-professional network for creatives enabling over six million connections across 190+ countries to create hundreds of thousands of musical works along the way.
In the past year, the startup has seen its Monthly Active Users (MAU) grow by 400%, experienced a 1,273% increase in revenue, and expanded its team in its Nashville and London offices.
Josh Simons, Vampr’s Co-Founder and CEO, said: “We are thrilled to have successfully closed another equity crowdfunding campaign. I want to thank each and every one of our 2,054 investors, many of them also Vampr users, my team for supporting Baz and I throughout the raise, and of course the entire Vampr community which continues to blossom as the platform improves.”