Moment House, a social live media platform, has raised $12 million in Series A funding. Forerunner Ventures led the round with participation from other backers that included UTA Ventures.
AUGUST 26TH, 2021 – LOS ANGELES – Social live media platform Moment House today announced it has closed a $12 million Series A round led by Forerunner Ventures. Other investors participating in the round included UTA Ventures, IDEO, Halsey, Whitney Cummings, Kaytranada & manager William Robillard-Cole, Dumb Money Capital (Devon Townsend, founder of Cameo, and Cody Ko), Noel Miller, actor/singer Tom Felton, Parcast Founder & Spotify executive Max Cutler, former YouTube executive Shishir Mehrotra, Clubhouse executive Aarthi Ramamurthy, Adobe executive Scott Belsky, Discord executive Anjney Midha, Defy Ventures, Work Life Ventures and media entrepreneur Richard Rosenblatt.
The investment supports Moment House’s beliefs that fandom is increasingly globalizing, core fans want to not only receive content but also participate in experiences, and that a premium digital live model for artists and creators is necessary for the modern world.
“We’re excited to welcome more top tech and entertainment leaders to Moment House as we continue empowering creators to deliver special live experiences to their worldwide communities digitally,” said Moment House CEO and co-founder, Arjun Mehta. “This fundraising round allows us to execute on our ambitious product roadmap, which involves deepening the consumer social experience, and on the supply-side, opening up the platform so that any creator in the world can easily make a Moment. Everything we have done so far is just Step 1 of a much bigger plan to help build the metaverse.”
Launched out of the Jimmy Iovine and Andre “Dr. Dre” Young Academy for Innovation at USC, Moment House brings artist and creator communities together for ticketed, social, global events called Moments. Early investors included entertainment industry heavyweights Troy Carter, Scooter Braun, Steve Stoute & UnitedMasters, Palm Tree Crew Investments (Kygo & manager Myles Shear), Post Malone co-manager Austin Rosen, Logic manager Chris Zarou, Jared Leto, as well as tech industry leaders such as Matthew Ball, Google Ventures CEO David Krane, former TikTok CEO Kevin Mayer, Sequoia partner Jess Lee, Box CEO Aaron Levie, and Patreon CEO Jack Conte.
Since being founded in 2019 by Arjun Mehta, Nigel Egrari, and Shray Bansal, Moment House has powered Moments by Tame Impala, KSI, Halsey, St. Vincent, Kygo, Kaytranada, Tiny Meat Gang podcast, Brockhampton, Marina, Isaiah Rashad, Charlotte Cardin, Wine & Crime podcast, Bryson Tiller, Grouplove, Yungblud, Sabrina Claudio, Luke Hemmings, Omar Apollo, My Brother, My Brother, & Me podcast, and many more. They also digitally hosted both nights of Clive Davis’ pre-Grammy gala earlier this year and powered ticketing for Justin Bieber’s NYE livestream.
To-date, Moment House has processed 1 million tickets across 168 countries and an additional 44 territories.
The company recently announced several high-profile talent-facing hires that previously worked at companies like Spotify, Apple Music, WME, UTA, Paradigm, and AEG. In the coming months, Moment House will present “Moments” with a dynamic slate of names including Halsey, Tinashe, Michelle Branch, Louis The Child, Tiny Meat Gang Podcast, Small Town Murder Podcast and more.