About Sofar Sounds
Sofar Sounds is a company based in London (United Kingdom) founded in 2010 by Dave Alexander, Rafe Offer, and Rocky Start. It operates as a On-Demand Services. Sofar Sounds has raised $52.46 million across 6 funding rounds from investors including Virgin, Battery Ventures and Union Square Ventures. The company has 203 employees as of December 31, 2023. Sofar Sounds has completed 1 acquisition, including Seated. Sofar Sounds offers products and services including Live Music Events. Sofar Sounds operates in a competitive market with competitors including This Is Good Music, The Engine Shed, Soundclub, Gigco and DefLeppard, among others.
- Headquarter London, United Kingdom
- Employees 203 as on 31 Dec, 2023
- Founders Dave Alexander, Rafe Offer, Rocky Start
- Stage Minicorn
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Sectors
Business Services
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Email
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Phone
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Website
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Social
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- Legal Name Sofar Sounds Limited
- Date of Incorporation 14 Mar, 2011
- Jurisdiction LONDON, UNITED KINGDOM
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Annual Revenue
$16.9 M (USD)0as on Dec 31, 2023
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Net Profit
-$23.9 M (USD)0as on Dec 31, 2023
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EBITDA
-$23.83 M (USD)0as on Dec 31, 2023
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Total Equity Funding
$52.46 M (USD)
in 6 rounds
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Latest Funding Round
$13.3 M (USD), Series B
Jan 31, 2021
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Investors
Virgin
& 4 more
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Employee Count
203
as on Dec 31, 2023
- Investments & Acquisitions
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Products & Services of Sofar Sounds
Sofar Sounds offers a comprehensive portfolio of products and services, including Live Music Events.
Live music concerts are organized in unique venues.
People of Sofar Sounds
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Funding Insights of Sofar Sounds
Sofar Sounds has successfully raised a total of $52.46M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $13.3 million completed in January 2021. 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.
Investors in Sofar Sounds
Sofar Sounds has secured backing from 5 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Virgin, Battery Ventures and Union Square Ventures.
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Investments in technology companies are conducted globally by Battery Ventures.
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Venture capital firm focused on blockchain, wellbeing, and multiple sectors
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Venture capital investment and support for founders in technology and health sectors.
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Investor details for Sofar Sounds
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Investments & Acquisitions by Sofar Sounds
Sofar Sounds has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Seated.
Investment portfolio details for Sofar Sounds
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- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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A platform for early ticket access to live events is offered.
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Complete acquisition details for Sofar Sounds
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Financial Statements - Sofar Sounds
Detailed financials for Sofar Sounds
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Sofar Sounds Comparisons
Peer comparison for Sofar Sounds
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Competitors of Sofar Sounds
Sofar Sounds operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as This Is Good Music, The Engine Shed, Soundclub, Gigco and DefLeppard, among others.
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Platform for hosting gigs & selling tickets
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Hosts live music, club nights, comedy events, and venue hire in Lincoln.
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Functions as an app-based platform for booking tickets to live music events.
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Blockchain-based platform offering ticketing solutions for live events
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Rock band offering music releases, tours, news, and merchandise sales.
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Detailed competitors of Sofar Sounds
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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Latest news on Sofar Sounds
Complete news archive for Sofar Sounds
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Frequently Asked Questions about Sofar Sounds
Sofar Sounds was founded in 2010 and raised its 1st funding round 2 years after it was founded.
Sofar Sounds is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Rafe Offer is the current CEO of Sofar Sounds. They have also founded this company.
Sofar Sounds is a funded company, having raised a total of $52.46M across 6 funding rounds to date.
As of Dec 31, 2023, the latest employee count at Sofar Sounds is 203.
Annual revenue of Sofar Sounds is $16.9M as on Dec 31, 2023.
Intimate concerts and music events are organized by Sofar Sounds in unique, often secret locations worldwide. Artists and audiences are connected through live performances in various cities. The focus is placed on creating meaningful experiences within the entertainment sector, emphasizing discovery of new music and artists.
Sofar Sounds's top competitors include This Is Good Music, Niteworks and Gigco.
Sofar Sounds offers Live Music Events.
Sofar Sounds has made 1 acquisition, including Seated.
Sofar Sounds has 5 investors. Key investors include Virgin, Battery Ventures, Union Square Ventures, Octopus Ventures, and Richard Branson.
The valuation of Sofar Sounds is $88.7M as of Jan 2021.