Jukely, The Music Startup raises $8 Million

What does Jukely do?

Jukely, is a monthly concert subscription service which analyses music taste data across the social graph. It matches the users with different friends and friends of your friends who would be good for you to go with. It makes it so easy for you to ping with that suggested group, so that you can start a chat around the show. This subscription service provides its members an unlimited access to go to concerts for a subscription fee of $25 a month. It is revolutionizing the live music industry.

How much Jukely was funded?

Jukely raised $8M in Seed extension round on April 28^th, 2015 from Northzone, Alex Zubillaga, 14W, Larry Marcus, Lyor Cohen and Hany Nada and 9 other investors.

Previous funding

• $300k in Angel funding on July 10, 2013 from David Lerner, Paul Sethi, David Cohen, Techstars and Archangel.
• $600k in Angel funding on November 10, 2013 from Hany Nada and Larry Marcus
• $2.4M in Seed October 1^st, 2014 from Charles Goldstuck, Paul Sethi, David Lerner, Hany Nada, Techstars Ventures and Amol Sarva.

What is next for Jukely?

With the latest investment Jukely has raised $11.3M to date. The startup is going to use the funds to expand its business in at least 20 more cities in the coming year. The new funding will help Jukely to hire people in engineering and marketing departments and expand its current team of 15. It is also going to expand its services in more than 20 cities in Europe and U.S.A.

More about Jukely

Jukely was founded on October 1, 2012 from Andrew Cornett and Bora Celik. It has its headquarters in New York, NY. Those into new and unique bands can visit the site and find the similar tastes to go to concerts. You just have to pay a $25 per month for its subscription.