Madrid-Based AI Concert Analytics Startup Breakevent Secures €876,000 Investment for Spanish 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 from AltamarCAM.
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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 market potential assessment
- Ticket sales tracking and historical data
- Ticket price optimization
- Venue capacity recommendations
- Artist recommendations by location
- Event success projections
The company plans to expand its presence in Spain while targeting international markets throughout 2025. This expansion comes amid significant growth in the European live entertainment sector, marked by notable acquisitions and developments:
Recent Industry Developments:
- KKR's acquisition of Superstruct
- CTS Eventim's record revenue and See Tickets purchase
- AEG's European market expansion
- Superstruct's acquisition of London's Boiler Room from DICE
The funding follows other successful raises in the European event tech space, including Seat Unique's $19.1 million Series A extension and Celebratix's $1.2 million investment, highlighting growing investor interest in specialized event technology solutions.
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