Songkick Secures Sequoia?s First Ever UK Investment With A $10m B Round

Songkick - which allows users to follow music artists, their live music events and book tickets - has raised a $10 million B round of financing from Sequoia Capital. This is Sequoia?s first ever investment in a UK headquartered start-up. The round takes Songkick's total funding to date to around the $17 million mark. Previous backers include YCombinator, SoftTech, The Accelerator Group and Index Ventures. Sequoia's Greg McAdoo joins the board. The news is interesting because it's evidence of a general drift of US firms to look abroad for more capital efficient companies outside of the increasingly high costs of Silicon Valley. Sequoia and General Atlantic have both invested in Klarna out of Sweden. Union Square and Kleiner Perkins have invested in Soundcloud, based in Berlin.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/PQAy25sShtc/

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