WeDemand Raises c. $1m, Led by Beyond Digital (Advised Exclusively by Talis Capital)
LONDON, January 2, 2013 /PRNewswire/ --
- Funding round will drive new product development and market expansion efforts in the US
Queremos / WeDemand, a leading Brazilian social crowdfunding platform to promote concerts and other events, today announced a funding round of c. $1m led by Beyond Digital Limited (advised exclusively by Talis Capital Limited), alongside leading industry investors, including Sean Moriarty the ex-CEO of Ticketmaster. Beyond Digital (advised by Talis Capital, a London-based multi-family office) led this round having been impressed by the management team and their innovative vision for the future of concert promotion and crowdfunded live music, after initially meeting at TechCrunchDisrupt SF 2012.
Queremos will use the funds to expand in to the US live events industry under the brand WeDemand. Vasile Foca, director and co-founder of Talis Capital said, "We are very pleased Beyond Digital led this round, partnering with some of the leading industry investors and angels and we look forward to a bright future with Queremos and WeDemand." Matus Maar, director and co-founder of Talis Capital added, "Queremos is a proven and successful platform in Brazil, with an experienced and talented management team that can leverage their experience to develop crowdfunding for live concerts in the US and internationally." Other investors included Sean Moriaty, former CEO and president of Ticketmaster alongside a syndicate of prominent Brazilian angel investors.
Since launching in 2010 Queremos has brought more than 50 international bands to Brazil and is now the largest crowdfunding site in the country. The platform has sold nearly 50k tickets and has attracted bands such as Feist, LCD Soundsystem, Vampire Weekend, Foster the People, Chromeo, Belle & Sebastian, The National and Of Montreal.
Tiago Compagnoni, CEO and co-founder of Queremos / WeDemand said, "We are very proud to have the Talis Capital team on board - they share and understand our vision for revolutionizing the live concert market."
Queremos, after two years operating as a "closed" platform in Rio de Janeiro and attracting 52 top bands, mainly from the US and UK, are expanding their footprint in the US with the recent launch of the WeDemand platform. Queremos qualified as one of Tech Crunch's SF 2012 Battlefield 30 finalists, selected out of over a thousand applicants. The crowdfunded concert solution developed by Queremos and WeDemand not only gives back control to music fans, but also eliminates risk of loss for promoters and brings live acts to locations that love them.
ABOUT BEYOND DIGITAL
Beyond Digital is a Jersey investment company, advised exclusively by Talis Capital, which invests globally in businesses that operate in high growth digital markets. The four key areas of focus are crowd/social media, big data & data analytics, cyber security and mobile technology.
ABOUT TALIS CAPITAL
Talis Capital is a London based multi-family office, and exclusive adviser to Beyond Digital. Talis Capital has advised on several high profile technology investments including £2m investment for Navmii (a leading provider of GPS navigation apps with over 11m registered global users), ShareTheMatch (a location based social network for football fans), $10m investment round in FuelQuest (SaaS based outsourced fuel management and tax automation solution), and most recently £2m investment in iwoca (instant working capital for online traders). Talis Capital also advises on a wider range of private equity and asset backed transactions, as well as technology venture capital.
SOURCE Talis Capital