Speakeasy Scores $8.8M in funding from Positive Sum to Scale Operations for Live Experiences

The round also included investments from Yamaha's Music Innovations Fund and several strategic investors, including the co-founders and early executives of Seamless, TigerConnect, Genius, D.C. United, Swansea City FC, and Tegus. With this latest round, Speakeasy's total funding has reached $8.8 million.

The company will use the funding to expand its operations and continue developing its products and technology.

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Before raising this funding, Speakeasy had grown into a profitable business without outside investment. This is the company's first institutional funding round.

Today, Speakeasy serves as the operations and data platform for many leading live entertainment and hospitality brands, including TAO Group Hospitality, Fontainebleau Development, E11EVEN, Barstool, Cipriani, and Breakaway Music Festival.

For years, live entertainment and hospitality businesses have relied on several different software platforms to manage ticket sales, reservations, payments, customer communication, fraud prevention and premium experiences. Using multiple systems often makes operations more complicated and less efficient.

Speakeasy brings all of these tools together in one platform. Its unified system includes ticketing, reservation management, 3D premium booking, on-site payments, POS integrations, and CRM tools, giving businesses a single place to manage their operations.

Our mission is to enable venues & experience organizers to operate more effectively across every revenue center, so that they can focus on what matters most: the guest experience. This fundraise will enable us to double down on a clear mandate to build for the world's leading enterprises in one of today's fastest-growing industries in a post-AI world. The work has just begun." says Alex Manavi, Co-Founder, CEO of Speakeasy.

"When we first met Speakeasy, the metrics and revenue growth were impressive, but the thing that stood out was the team's sheer force of will. They see a problem and run straight at it," said Patrick O'Shaughnessy, CEO and Partner at Positive Sum. "Live events happen outside normal business hours and Speakeasy has built a 24/7 machine to support their clients.

About Speakeasy

Founded in 2023 by Alex Manavi and Tamas An, Speakeasy provides an operations and intelligence platform for live events and the in-real-life (IRL) economy. Its platform helps venues, event organizers, festivals and hospitality businesses manage their operations more efficiently. Speakeasy brings together ticketing, payments, premium experiences, reservation management, CRM, and marketing tools into one platform, replacing multiple legacy systems with a single, data-driven solution.

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