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March 8, 2012 10:59 pm GMT
Songkick - which allows users to follow music artists, their live music events and book tickets - has raised a $10 million B round of financing from Sequoia Capital. This is Sequoias first ever investment in a U.K.-headquartered start-up. The round takes Songkick's total funding to date to around the $17 million mark. Previous backers include Y Combinator, SoftTech, The Accelerator Group and Index Ventures. Sequoia's Greg McAdoo joins the board.The news is interesting because it's evidence of a general drift of U.S. firms to look abroad for more capital-efficient companies outside of the increasingly high costs of Silicon Valley. Sequoia and General Atlantic have both invested in Klarna out of Sweden. Union Square and Kleiner Perkins have invested in Soundcloud, based in Berlin.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/PQAy25sShtc/
Songkick Secures Sequoias First Ever UK Investment With A $10M B Round
Songkick - which allows users to follow music artists, their live music events and book tickets - has raised a $10 million B round of financing from Sequoia Capital. This is Sequoias first ever investment in a U.K.-headquartered start-up. The round takes Songkick's total funding to date to around the $17 million mark. Previous backers include Y Combinator, SoftTech, The Accelerator Group and Index Ventures. Sequoia's Greg McAdoo joins the board.The news is interesting because it's evidence of a general drift of U.S. firms to look abroad for more capital-efficient companies outside of the increasingly high costs of Silicon Valley. Sequoia and General Atlantic have both invested in Klarna out of Sweden. Union Square and Kleiner Perkins have invested in Soundcloud, based in Berlin. Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/PQAy25sShtc/
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