Home Business NewsBusinessBusiness Growth Vampr hits ‘record-breaking’ 1m user milestone and gears up for multi-million Q4 funding round

Vampr hits ‘record-breaking’ 1m user milestone and gears up for multi-million Q4 funding round

by LLB Finance Reporter
6th Sep 21 1:42 pm

Vampr, the leading professional networking platform for musicians and creatives globally, has today announced it has officially surpassed one million users and announced plans for its next funding round in Q4.

The milestone achievement follows the music tech start-up’s relaunch in August 2020, onboarding an impressive 400,000 new users in the last 12 months alone. At its current growth rate, Vampr is on track to hit 2.8 million users by December 2022 and add a further 50 million users in the next five years.

Vampr’s rapid growth has seen it become the most active and engaged professional network in the global creative ecosystem, facilitating over 6.5 million connections worldwide across 190 countries – resulting in the creation of over 220,000 original musical compositions. Vampr’s one million users have enjoyed a combined 62.5 billion streams on platforms such as Spotify, Apple Music, TikTok and Soundcloud, with significant royalties of $162M flowing directly into their pockets.

Vampr’s user milestone follows the success of its most recent funding round in February, when it secured a further £570k ($790k) to build a suite of live streaming tools called Vamps.

Since then, Vampr has cemented its place in the industry as the only 360° self-service platform for artists, and now has its sights set on further growth with a multi-million funding round planned for later this year.

Used by the most influential figures in the music industry – from Kanye West’s Grammy-winning producer, Anthony Kilhoffer, to acclaimed EDM Producer Xadrian and breakout band, Carpool Tunnel, Vampr has also noted an increase in the time users spend on its app, with app usage duration tripling since February this year.

The app has experienced a significant spike in usage following the introduction of its monthly ‘Happy Hour’ events which attract 13,000 people on average per event. The initiative gives users access to unlimited swipes at 5pm in their local timezone, encouraging unlimited collaboration between users and allowing talent across the industry to thrive.

Commenting on his businesses’ latest growth milestone, Josh Simons, Vampr’s co-founder and CEO, said: “We are incredibly proud to have hit this momentous milestone, welcoming over 1 million users to our platform. As we continue to grow our industry-leading platform, we hope to support more creatives and musicians in the community with our innovative marketplace, helping them to connect and collaborate with some of the most influential names in the music industry.”

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