Scooter Braun, Troy Carter, Patreon CEO Jack Conte, actor Jared Leto and artist Kygo’s Palm Crew Investments are among the investors in the latest ticketed livestreams startup, Moment House, which announced its $1.5m seed funding round today.
The round was led by Forerunner Ventures, with Sequoia Capital partner Jess Lee also among the angel investors, as the startup also announced the first set of artists who’ll be using its platform.
Kygo is one of them alongside Yungblud – who’s using Moment House for his ‘digital world tour’ – Blackbear, Kaytranada, Denzel Curry and Ruel.
Ahead of the announcement, Music Ally talked to CEO and co-founder Arjun Mehta about his plans for livestreaming experiences that fans will be happy to pay for.
A graduate of the USC Jimmy Iovine & Dr. Dre Academy, Mehta counts on the strong support of his “mentor” Iovine, alongside the angel investors who are being announced today.
In one sense, Moment House is not wildly different to the other livestreaming platforms jostling for attention during the Covid-19 pandemic: Maestro, Veeps, StageIt, Release Party, Bulldog DM and the rest.
In this case, artists announce shows (or “moments”) and sell tickets to those shows, along with up-sells to merchandise and VIP experiences. Mehta is hoping that the quality of the fan experience will help Moment House to stand out from the crowd.
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Source: Music ally