# Sonicbids

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

- Industry: Internet
- Headquarters: Brooklyn, US
- Website: www.sonicbids.com
- Total disclosed funding: $4.5M
- Latest round: Series A (Aug 14, 2007)
- Investors on record: 1

## About

Sonicbids is a platform that facilitates live music booking for independent artists and venues. It enhances the booking experience through data-driven tools and electronic press kits designed to connect musicians with performance opportunities.Sonicbids, LLC operates a platform for live music booking, enabling independent artists to connect with venues. Founded in 2001 in Brooklyn, US, the company has undergone strategic pivots to enhance its services. The founders include Andy Laties, Anil Daniel, Jalani Horton, Jo Painter, Tom Wiggins, and Vic Moraga. The company raised USD 15.00 mn in a TRADE SALE, with the total amount raised also being USD 15.00 mn. Backstage LLC was among the investors in the latest funding round.Sonicbids specializes in providing a comprehensive platform designed for live music booking that caters to both independent artists and venues. Their core product offerings include Electronic Press Kits (EPKs) that allow artists to showcase their professional achievements, including tour history, ticket sales, and live performance videos. This platform facilitates data-driven matching between artists and venues based on genre, ticket history, and scheduling, enhancing the booking process. Additionally, Sonicbids offers streamlined contract management, real-time data tracking for gig history and fan engagement, along with tools for managing full event details such as staffing and tech requirements. The services are primarily targeted toward independent artists and venues across various geographical markets, including North America, Europe, and select regions in Asia, addressing the challenges of connecting artists with opportunities for live performances.Sonicbids generates revenue through a subscription-based model that provides artists and venues with access to premium features on their platform. Artists pay for enhanced EPK functionalities that allow them to present a professional image to potential venues, while venues benefit from a smart booking calendar and integration tools for managing events. The transaction structure involves direct relationships with both parties, enabling artists to apply for gigs and venues to manage submissions effectively. The company offers various pricing plans tailored to the needs of artists and talent buyers, facilitating seamless interactions and bookings. Additionally, Sonicbids capitalizes on brand sponsorship opportunities that emerge from its community of venues and artists, further diversifying its revenue streams.Sonicbids plans to expand its platform with new features designed to improve user experience and engagement. The company is targeting new geographic markets in Asia and Europe, with a goal to enhance its presence by the end of 2024. The recent funding of USD 15.00 mn will support these initiatives, allowing for significant investment in product development and market expansion, following the exit of Zapis Capital Group from its stake in Sonicbids, LLC.

## Funding rounds

- Series A, Aug 14, 2007, $4.5M — Edison Partners

## Investors

- Edison Partners (https://capitalatlas.ai/funds/edison-partners) — Series A