About Nimbit
Nimbit is a Technology company based in Framingham (United States) founded in 2004, and was acquired by PreSonus Audio Electronics in July 2012. Direct-to-fan ticketing, merchandising, and sales are enabled for artists. It operates in the Technology and Media & Entertainment sectors. Nimbit has raised $3.44 million across 4 funding rounds from investors including PreSonus Audio Electronics, Vocal Remover and Hub Angels. The company was acqui-hired. Its focus areas include Consumer, Music Tech, Live Music Tech and Ticket Booking Platforms. Its competitors include Song Kick, Accesso and SquadUP; 2 of its 3 listed competitors have raised funding.
Company details
Nimbit was founded in 2004 and is headquartered in Framingham, United States. A platform is offered to independent artists, labels, managers, educators, houses of worship, and venues for fan management, email marketing, music and merchandise sales, event ticketing, and fundraising. Physical products such as CDs, DVDs, t-shirts, and vinyl are distributed directly to fans, alongside e-tickets, clothing, and premium bundles. Operations focus on the music and entertainment sector.
- Headquarters Framingham, United States
- Stage Acquired
- SectorsTechnologyMedia & Entertainment
- Website nimbit.com
- Social LinkedIn X Facebook
- Acquired by PreSonus Audio Electronics (Jul 2012)
- Total Equity Funding$3.44M (USD)
in 4 rounds
- Latest Funding Round$1.25M (USD), Series A
Mar 2011
- InvestorsPreSonus Audio Electronics
& 3 more
- Acquired byPreSonus Audio Electronics
(Jul 2012)
Funding Insights of Nimbit
Nimbit has successfully raised a total of $3.44M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $1.25 million completed in March 2011. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $3.44M
- Total Rounds 4
- Last Round Series A — $1.25M
- First Round $817,994
(May 2006)
- Investors Count 3
All 4 funding rounds of Nimbit with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2011 | $1.25M | Series A | – | Hub Angels | |
| Feb 2010 | $376,950 | Seed | – | – | – |
| Mar 2009 | $1M | Seed | – | – | |
| May 2006 | $817,994 | Seed | – | – | – |
4 investors in total: 4 institutional.
Investors in Nimbit
Nimbit has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include PreSonus Audio Electronics, Vocal Remover and Hub Angels.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
An online service for removing vocals from music tracks is provided. | 2014 | commonangels.com | ||
Angel Network for companies based in Boston | hubangels.com | Boston, United States | ||
Early stage investment fund is managed for innovative ventures. | 2008 | rose.vc | New York City, United States | |
Manufacturer of professional audio equipment and software | 1995 | presonus.com | Baton Rouge, United States |
Investor details for Nimbit
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of Nimbit
4 dated milestones of Nimbit across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Nimbit is founded.
- Funding First funding round of $818K.
- Funding Latest funding round, Series A, of $1.2M.
- Exit Acquired by PreSonus Audio Electronics.
Competitors of Nimbit
Nimbit has 3 listed competitors in our database, 2 of them funded. They include Song Kick, Accesso and SquadUP.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| songkick.com | 2007 | Brooklyn, United States | $59.53M | An online marketplace for concert tickets is facilitated. | ||
| accesso.com | 1999 | Lake Mary, United States | 425 | Virtual queuing and ticketing solutions are provided for event organizers. | ||
| squadup.com | 2010 | Los Angeles, United States | $1.35M | 6 | Web and mobile event ticketing and management solutions are provided. |
Detailed competitors of Nimbit
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Nimbit
Websites that share an audience with Nimbit (nimbit.com).
Websites whose visitors overlap most with Nimbit. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| reverbnation.com | 100% | 2.6M | #24,638 | View details | |
| tunecore.com | 100% | 2.3M | #18,054 | View details | |
| topspinmedia.com | 100% | View details | |||
| songcastmusic.com | 99% | 40.9K | #790,168 | View details | |
nimbitmusic.com | nimbitmusic.com | 98% | – | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 17 similar websites and full traffic analytics for Nimbit
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 17 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Events Tech
3 companies that operate in the same segment as Nimbit (Events Tech) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Event management software is delivered via a cloud-based platform. | 1999 | Fairfax, Virginia, United States | USD 178.04 M | USD 49.73 M | 2,357 | |
Cloud-based software is provided for managing outdoor events and activities. | 1999 | Dallas, Texas, United States | USD 313.84 M | 2,458 | ||
Managed co-working spaces with conference rooms and amenities are offered. | 2009 | New York, New York, United States | USD 495.5 M | 188 |
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Frequently Asked Questions about Nimbit
Nimbit was founded in 2004 and raised its 1st funding round 2 years after it was founded.
Nimbit is headquartered in Framingham, United States. It is registered at Framingham, Massachusetts, United States.
Nimbit is a funded company, having raised a total of $3.44M across 4 funding rounds to date. The company's 1st funding round was a Seed of $817.99K, raised on May 2006.
Nimbit was founded in 2004 and is headquartered in Framingham, United States. A platform is offered to independent artists, labels, managers, educators, houses of worship, and venues for fan management, email marketing, music and merchandise sales, event ticketing, and fundraising. Physical products such as CDs, DVDs, t-shirts, and vinyl are distributed directly to fans, alongside e-tickets, clothing, and premium bundles. Operations focus on the music and entertainment sector.
Nimbit has 4 investors. Key investors include PreSonus Audio Electronics, Vocal Remover, Hub Angels, and Rose Tech Ventures.
Yes. Nimbit was acquired by PreSonus Audio Electronics in July 2012.