Spanish AI Concert Analytics Startup Breakevent Raises $900,000 to Fuel Market Expansion
Breakevent, a Madrid-based AI concert analytics startup, has secured a €876,000 ($908,000) funding round led by Archipélago Next, with participation from Startup Wise Guys, Women Angels for STEAM (WA4STEAM), and Miguel Echenique.
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Founded in 2020 by CEO Lucía Martínez Prado, Breakevent provides AI-powered analytics tools for the music industry, serving promoters, artists, managers, and venues. The platform maintains a comprehensive database of over 15,000 music events and 1,500 venues across Spain.
Key Features:
- Genre analysis and commercial viability assessment
- Ticket sales tracking and historical data
- Ticket pricing optimization
- Venue capacity recommendations
- Artist recommendations by location
- Event success projections
The company plans to strengthen its presence in Spain while expanding internationally throughout 2025. This expansion comes amid significant growth in Europe's live entertainment sector, marked by notable developments:
Recent Industry Developments:
- KKR's acquisition of Superstruct
- CTS Eventim's record revenue and See Tickets acquisition
- AEG's European market expansion
- Superstruct's purchase of London's Boiler Room from DICE
The funding follows other successful raises in the European event tech space, including:
- Seat Unique's $19.1M Series A (August 2024)
- Celebratix's $1.2M funding round (November 2024)
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