The recent event tech investment streak continues as live streaming platform Moment House, founded in 2019, has raised $12 million in a Series A funding round led by Forerunner Ventures, with participation by UTA Ventures, IDEO, Halsey, Whitney Cummings, and many more major players in the music and tech spheres.
Moment House allows artists and other creators to monetize digital events through its platform and retain 100% of their ticket sales. To-date, Moment House has processed 1 million tickets across 168 countries and 44 territories, and the platform has several exclusive live streaming experiences — which it calls “Moments” — lined up over the next few months, including Halsey, Tinashe, Michelle Branch, and Louis The Child.
"We’re excited to welcome more top tech and entertainment leaders to Moment House as we continue empowering creators to deliver special live experiences to their worldwide communities digitally,” said Moment House CEO and co-founder, Arjun Mehta, in a statement.
“This fundraising round allows us to execute on our ambitious product roadmap, which involves deepening the consumer social experience, and on the supply-side, opening up the platform so that any creator in the world can easily make a Moment. Everything we have done so far is just Step 1 of a much bigger plan to help build the metaverse.”
Earlier this year, Moment House announced a total of seven high-profile hires, including Sam Berger, who came on as Head of Music, and Casey McCabe, who joined as Head of Live Music & Strategy, all of whom are also helping to expand the company and “serve underrepresented genres and non-musical disciplines like podcasts, comedy and masterclasses.”
The industry is undoubtedly bullish on the future of digital experiences, with livestreaming platforms Flymachine and Mandolin having also recently announced additional funding. Now it remains to be seen how these platforms will evolve over the coming months and years and how engrained they will become in the new digital landscape.