Activity Stream, a software solution for the live entertainment industry, recently closed a $13.5 million funding round co-led by Eyrir Ventures and Frumtak Ventures with contributions from the Shubert Organization and the Export and Investment Fund of Denmark. The funding will be used by Activity Stream to broaden its impact across the US, Europe, and the UK and to complete the refinancing of recent acquisitions.
CEO Einar Saevarsson said, “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.”
Activity Stream provides solutions that support live event organizers through every phase of the event lifecycle and is used in 20 countries. In 2022, Activity Stream acquired Yesplan and crowdEngage and expanded offerings to the live entertainment and experience sector.
Activity Stream will leverage this funding to accelerate the development of new products. “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,” said Hugh Topping, CTO of Activity Stream.
Saevarsson elaborated on the company's 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.”