SaveLive Raises $135 Million In First Funding Round, Names Partners

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SaveLive announces its debut round of venue partners. The platform completes its first financing run, raising $135 million for the independent live music community. 

The platform announced 20 venue partners, including The Alibi in Palm Springs, CA, The Golden State Theatre in Monterey, CA, and Hammerjacks in Baltimore, MD, with more announced soon.

Liz Garo of The Alibi said, “As an independent booker for Spaceland, The Echo, and 100 other places since the beginning of time, being able to partner with SaveLive is a dream come true.”

Thomas Cussins, owner of The Golden State Theatre and president of Ineffable Music, added, “At Ineffable, we open new outlets for touring acts, creating a more vibrant live music scene–both for the artists and for the fans who deserve to have great music in their backyard. Having SaveLive in our corner gives us even more confidence to keep growing our business.”

Founded in 2020, SaveLive partners with independent venues, promotors, and secondary markets, to grow their brands and business. SaveLive launched its official website, which features a complete list of venue partners and investors. It raised $135 million with investors such as Breyer Capital, Deep Field Asset Management, Raptor Group, and Shamrock Capital.

John Fogelman, the co-founder of SaveLive, stated, “When I was 14, I started working for my uncle Lou in one of his record stores, and by the time I was 23, he invited Shamrock Capital in as his partner.” He continued, “I loved those days, and it was poetic for me to call on Shamrock when Marc (Geiger) and I were looking for a strategic financial partner. We are working to build and assist our network of independent venue partners and they are enabling us to fulfill that mission.”

“When John and I started this mission in late 2020, the live business was feeling pretty hopeless as the pandemic was hitting the sector head on,” said SaveLive co-founder and CEO Marc Geiger. “We used that downtime to raise capital of like-minded and long-term investors, build a music focused team of professionals, and ultimately build out version 1.0 of our partner network. 18 months later, the live business is rushing back to record levels… and it’s time to launch.”