[INSIDERS] Bandsintown joins forces with NRJ Global to support its development in France
Happy Birthday Station F! The giant Parisian start-up campus is celebrating its first birthday today. 365 days after its inauguration with great pomp by the President of the Republic, Emmanuel Macron, and the mayor of Paris, Anne Hidalgo, it is time to take stock of this first past year. And for that, the XXL incubator imagined by Xavier Niel published a report gathering several statistics. After consulting it, we have isolated 5 striking figures.
- 1,034 : the number of start-ups hosted by Station F since it opened.
- 11,271 : is the number of applications received to join one of the mega-campus acceleration programs, i.e. an acceptance rate of 9%.
- 67% : this is the percentage of French applications sent to the Station F team. Just behind France, the United States is the most motivated country to join the former Halle Freyssinet with 34% of foreign applications, ahead of the Kingdom United (17%) and China (15%).
- 232 : it is the number of start-ups hosted by Station F which raised funds during this first year for an amount exceeding 250 million euros. 8 start-ups, including Recast.AI, were also acquired at the same time.
- 30.9 years : it is the average age of a resident of Station F. The youngest is 14 years old, the oldest 65 years old.
The market for startups specializing in parking is consolidating. Yespark, which rents unused parking spaces from social landlords, announces the takeover of Parking Facile, a short-term parking platform in private landlord car parks. The amount of the transaction was not specified.
” The acquisition of Parking Facile, financed with own funds, illustrates the financial solidity and virtuous business model of Yespark, which has succeeded in fully self-financing its development for 4 years without resorting to fundraising. », Specifies the press release.
The Bordeaux startup Parking Facile has a parking network of more than 200 car parks in 70 cities with 50 donors. Through this takeover, Yespark will enrich its parking offer throughout France and increase its customer portfolio, which includes 110 social landlords.
Bandsintown, the application that detects fans ‘musical tastes and alerts them based on artists’ tour dates and locations, is partnering with NRJ Global to develop its brand on the French market. This collaboration will initially result in a management agreement.
The application developed by Bandsintown also has an algorithm for recommending new bands and allows artists to send messages directly to fans. It connects 450,000 artists and 42 million fans, including 1.1 million in France.
“ Live music markets are growing strongly beyond the United States. Bandsintown wants to become the leading global brand in concert discovery through a strategy of local alliances with media partners respectful of artists and fans », Explains Fabrice Sergent, Managing Partner and co-founder of Bandsintown Group.
After Snoop Dogg and his venture capital fund dedicated to cannabis, it’s Jay Z’s turn to launch his financing tool. The famous rapper and singer Beyoncé’s husband has notably joined forces with Larry Marcus, managing director of Walden Venture Capital, to create the investment fund Marcy Venture Partners.
For the little anecdote, the name of the fund is that of social housing where the rapper grew up. The fund which was registered in California should a priori invest in tech companies.
Shawn Carter, his real name, is no stranger to the worlds of startups. For example, he invested in Uber in 2011, the company was then just valued at $ 300 million. The rapper has also participated in roundtables concerning JetSmarter or Julep. In 2015, he acquired the music streaming platform Tidal.
The fund will be led by Larry Marcus. Jay Z can also benefit from his experience, the latter was one of the first investors in Pandora or Netflix.