Industry Press / 01.23.24
Activity Stream Secures $13.5 Million to Revolutionize Live Entertainment Technoloy
NEW YORK, NY - January 23, 2024 — Activity Stream, a pioneer in providing innovative, data-informed software solutions for the live entertainment industry, proudly announces the successful closure of a $13.5 million funding round. This round not only marks a new chapter in the company's growth journey but also completes the refinancing of recent acquisitions. The round was co-led by Eyrir Ventures and Frumtak Ventures. Additionally, it includes contributions from the Shubert Organization, a Broadway powerhouse, and the Export and Investment Fund of Denmark, a key Danish venture debt provider, showcasing a strong vote of confidence from major players in the industry.
CEO Einar Saevarsson comments, “Securing this funding in a challenging market is a strong vote of confidence from our investors. It reflects our significant growth over the past year and our commitment to serving close to 600 global clients. It propels us toward a future of expanded innovation and strategic acquisitions.”
In a separate reflection on client relationships, Saevarsson adds, “At this pivotal moment, I feel a profound sense of thankfulness to each of our remarkable clients. Their continuous trust in Activity Stream is the fuel that drives us forward. Their success is our success.”
Empowering the Future of Live Entertainment
Activity Stream will leverage this funding to accelerate the development of innovative products. Hugh Topping, CTO of Activity Stream, remarks, “This year, we're excited to innovate, introducing key advancements in data technology and infrastructure, while also enhancing industry sustainability. Our focus will be on significantly expanding our marketing platform capabilities and venturing into new territories. We are as committed as ever to delivering solutions that transform the live entertainment industry, making it more efficient and successful.”
Saevarsson elaborates on the company's ambitious plans: “Our aim to significantly expand our market presence in the coming years is a bold testament to our belief in our innovative solutions and their impact on the live entertainment industry. Our commitment, however, goes beyond financial growth; it's about elevating the experience of every event and participant.”
With this new funding, Activity Stream is set to broaden its impact across the US, Europe, and the UK, actively seeking partnerships with innovators who share a passion for revolutionizing the live entertainment landscape.
About Activity Stream
At Activity Stream, we envision a world where live entertainment organizations effortlessly create and deliver exceptional experiences. Our suite of solutions supports live event organizers through every phase of the event lifecycle. Spanning over 20 countries, our client base is a testament to our role in shaping the world’s largest entertainment capitals.
Learn more about our solutions and vision here.