Stagedoor, a London-based theatre app startup, has successfully secured its initial £175,000 funding target on the equity crowdfunding platform, Seedrs. The company previously raised over 350,000 through its 2018 crowdfunding campaign on Seedrs and is offering 20% in offered discount.
As previously reported, Stagedoor helps users discover and book the best shows in London through personalized recommendations that take into account your preferences as well as those of your friends. Users can use Stagedoor to follow their favorite genres, venues, and artists and create alerts so they never miss getting a seat.
“Through Stagedoor theatre goers can access the most comprehensive database of more than 500 theatre performances in London – allowing them to follow their favourite Directors, Actors, Writers, Theatre companies, and Venues in order to stay up to date with current and future productions. Once they find a show they love, users can then save shows in a smart ‘wish list,’ which reminds them before a show opens or closes… no more excuses for missing a show.”
Since raising £350,000 in 2018, Stagedoor has reportedly experienced four times the user growth and seven times the revenue growth. The app now has a community of more than 40,000 theatre lovers who trust it to discover, book and share their theatrical experiences. Speaking about the app’s platform growth, Michael Hadjijoseph, Co-Founder and CEO of Stagedoor stated:
“It has been a phenomenal 18 months for Stagedoor and we can’t wait to begin the next stage of our growth, as we work towards our goal of making theatre accessible to a new generation.”
Funds from the Seedrs round will be used for the following:
- 30% Marketing
- 25% Engineering team salaries
- 25% Other salaries
- 8% Editorial & content management
- 12% Other (offices, legal, accounting, expenses)
The campaign is set to close this evening (August 16th).
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