AI Concert Analytics Startup Breakevent Raises €876,000 for Spanish Market Expansion
Madrid-based AI concert analytics startup Breakevent 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 in Spain.
Key features include:
- Genre analysis and commercial viability assessment
- Ticket sales tracking and historical data
- Ticket pricing recommendations
- Venue capacity optimization
- Artist recommendations by location
- Event success projections
Breakevent 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 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 Boiler Room from DICE
- Seat Unique's $19.1M Series A funding
- Celebratix's $1.2M blockchain ticketing platform raise
The startup's growth aligns with increasing demand for data-driven solutions in the live events industry, particularly as the European market continues to evolve and consolidate.
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