Performing arts tech startup closes Series A round
BLOOMINGTON, Ind. (Inside INdiana Business) — A tech startup described as “LinkedIn for the performing arts” has closed on a more than $1.5 million Series A round of funding. Bloomington-based Stagetime says it will use the funding to refine its platform and grow its user base.
Stagetime has developed a platform to provide networking benefits for people in the performing arts industry. The platform allows users to showcase their artistic talent with a visual interface, as opposed to a traditional resume format.
The funding round included a $75,000 follow-on investment from the Flywheel Fund, a capital fund run by The Mill coworking space in Bloomington. The startup was the fund’s first investment after it launched in 2020.
“Our partnership with Flywheel Fund has generated benefits far beyond capital,” said Jennie Moser, founder and chief executive officer of Stagetime. “Not only has the fund followed on in our subsequent fundraising round, but the connections and buzz from the network have been significant in securing other investors, sourcing talent, industry connections and more.”
The funding round was led by Hyde Park Angels with participation from M25, the IU Angel Network and others.
Stagetime says it plans to launch a new casting tool to help industry professionals find talent in the spring of 2022.