# Discotech

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/discotech

- Industry: Internet
- Headquarters: Los Angeles, US
- Website: www.discotech.me
- Total disclosed funding: $0.5M
- Latest round: Seed (Aug 8, 2016)
- Investors on record: 2

## About

Discotech Inc. is a nightlife app that enhances event discovery and ticket purchasing for users engaging in nightlife activities across multiple cities.Founded in 2012, Discotech Inc. operates as a nightlife platform, facilitating seamless access to events, ticket purchases, and VIP services. It is headquartered in Los Angeles, US. The company has engaged in 5 significant deals, with the most recent funding round, a Seed round of USD 500,000, taking place on February 1, 2017, with HIVE Ventures as an investor. Founders Ian Bushong, Ian Chen, and Mark Wu have contributed to the company's development, with Ian Chen currently serving as CEO.Discotech primarily offers a nightlife app that streamlines discovering and attending events in various cities. Targeting major metropolitan areas like Las Vegas, Los Angeles, Miami, and New York City, the app provides detailed listings of nightlife activities, allowing users to sign up for guest lists, purchase tickets, and book VIP tables effortlessly. By creating a unified platform, Discotech enhances the user experience for nightlife enthusiasts.Discotech generates revenue through several transaction structures, including direct-to-consumer sales and partnerships with venues. The app allows users to purchase tickets and reserve tables with service fees applied to these transactions. Revenue is also earned from commissions on guest list signups at partnered venues, with core offerings centered on VIP table bookings and access to exclusive guest lists.Discotech's recent funding round in February 2017 is intended to support its strategy for future growth, which includes expanding its app capabilities and enhancing user engagement through new features. Although specific new product launches have not been disclosed, the company is focused on increasing its presence in additional metropolitan areas and international markets beyond its current locations. The expansion plans aim to broaden their reach in the nightlife industry, leveraging funding to improve their platform and services.

## Funding rounds

- Seed, Aug 8, 2016 — Strong Ventures
- Seed, Sep 9, 2014, $0.5M — HIVE Ventures
- Seed, May 14, 2014 — HIVE Ventures

## Investors

- HIVE Ventures — Seed
- Strong Ventures (https://capitalatlas.ai/funds/strong-ventures) — Seed