Songkick, the London-based concert listings site that allows music fans to track bands, tour dates and buy tickets, has raised a $4m million Series A round lead by Index Ventures. Their previous total raised was $1.02m from Y Combinator, SoftTech VC and The Accelerator Group.
The investment betrays a strategy Index has of investing in entertainment-oriented startups, including Listen.com (Real Networks), Last.fm (CBS) and Viagogo (secondary ticketing market) as entertainment is usually something people delve into during downturns. Live music is also one of the few areas of defensibility in the music industry.
Saul Klein of Index will join the board of Songkick. Songkick is currently available in 5 countries and the investment will be used to expand the platform and launch new products.