Sofar Sounds

Sofar Sounds

Hosts secret concerts in unique venues

About Sofar Sounds

Simplify's Rating
Why Sofar Sounds is rated
B
Rated C on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Entertainment

Company Size

501-1,000

Company Stage

Late Stage VC

Total Funding

$44.6M

Headquarters

London, United Kingdom

Founded

2009

Overview

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 providing a platform for artist discovery and fostering connections among attendees. In addition to organizing secret concerts, the company offers services to help artists manage their fan relationships and build sustainable careers. Revenue is generated through ticket sales for events and artist services, catering to music lovers seeking distinctive experiences and performers aiming to expand their fan base.

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Simplify's Take

What believers are saying

  • 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.

What critics are saying

  • 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.

What makes Sofar Sounds unique

  • 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.

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Funding

Total Funding

$44.6M

Above

Industry Average

Funded Over

2 Rounds

Notable Investors:
Late VC funding comparison data is currently unavailable. We're working to provide this information soon!
Late VC Funding Comparison
Coming Soon

Growth & Insights and Company News

Headcount

6 month growth

-2%

1 year growth

-1%

2 year growth

0%
Passenger Terminal Today
Jun 27th, 2024
Heathrow launches live music stage

Sofar Sounds worked with Heathrow to curate a diverse roster of emerging artists spanning pop, jazz, folk, r 'n' b, soul and rock.

Motorsports Newswire
Oct 4th, 2023
Pop-Up Concerts, Celebrations For Our Four-Legged Friends, Skulloween And Weekly Trivia Can All Be Found Where This Month?

At the Harley-Davidson Museum, of course!MILWAUKEE, USA – October 4, 2023 – (Motor Sports NewsWire) – Yes, the 2023 Bike Night season is in the books, but that doesn’t mean the amazing music at the Harley-Davidson Museum comes to a close. The H-D Museum, in partnership with Sofar Sounds, is proud to bring an intimate concert on Thursday, Oct. 19 in the Experience Gallery – yes inside the world’s only Harley-Davidson Museum. Tickets are on sale now (and the bands will be revealed about 36 hours before showtime), and are sure to sell out quickly. So get yours today to be a part of this unique show.But October offers so many more reasons to visit the crossroads of 6th & Canal – especially if you’re looking for a fun afternoon to spend with man’s or woman’s best friend. The inaugural Bark & BBQ – a first-time collaboration between OnMilwaukee and Milwaukee Radio Alliance’s B93.3 – celebrates our four-legged best friends on Saturday, Oct

Forbes
Oct 4th, 2023
How Selena Gomez, Megan Thee Stallion, Ryan Reynolds And Other A-Listers Are Marking World Mental Health Day

Selena Gomez attends the 80th Annual Golden Globe Awards on January 10, 2023. Getty ImagesWorld Mental Health Day is October 10 and as our collective mental health crisis continues to escalate, members of the entertainment and media community are commemorating the day by speaking out, hosting events and sharing resources.More than 50 million American adults, or 21% of the population, are experiencing a mental illness, according to Mental Health America’s “The State of Mental Health In America” 2023 report. The number is up 2% from last year’s survey. Additionally, 16% of youth report suffering from at least one major depressive episode in the past year and more than 2.7 million youth are experiencing severe major depression.According to the U.S. Centers for Disease Control and Prevention in 2022 nearly 50,000 people died by suicide in the U.S., an increase of about 2.6% from the prior year, and suicide is now the second leading cause of death in the U.S. for people aged 10-34

Bonnie & Wild Market
Aug 1st, 2023
Feast on these free Fringe gigs at Bonnie & Wild

and organising daily Meet the Maker sessions, Bonnieandwildmarket has also been working in collaboration with Sofar Sounds to curate a series of very special gigs with some terrific performers!

Music Business Worldwide
Jun 15th, 2023
Sofar Sounds reports $30m in payouts to artists since the pandemic

Through its platform, Sofar Sounds introduced ‘Fan Rewards’ and VIP experiences that allow artists to offer exclusive perks to their fans.

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