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Funding · Professional & Local Services

Triangle Group raises $15M in seed funding

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Date
Company
Triangle Group
What it does
Live entertainment platform for Asia-Pacific
Kind
Funding
Amount
$15M
Stage
seed
Based in
Singapore
Sector
Professional & Local Services

What they do

Triangle Group is an end-to-end live entertainment platform that manages touring and festivals in Asia-Pacific

What happened

The company raised $15M in combined equity seed ($10M, led by DSG Consumer Partners) and venture debt ($5M from Genesis Alternative Ventures)

Why it matters

This is the biggest institutional investment in Asia-Pacific's experience economy by a regional player, with the market expected to hit $75B by 2033

The details

  • Triangle Group announced a $15M combined equity and venture debt raise.
  • The equity seed of $10M was led by DSG Consumer Partners.
  • The venture debt of $5M came from Genesis Alternative Ventures.
  • Golden Gate Ventures, Oberoi Family Office, and angel investors participated in the equity seed.
  • Roger Field joined Triangle as Executive Director and Operating Partner.
  • Field was previously President of Live Nation Asia Pacific and CEO of Live Nation Australia & New Zealand.
  • He had been an advisor and investor in Triangle for one year before this role.

The bigger picture

  • The Asia-Pacific live entertainment market is forecast to reach $75B by 2033, growing at 6.3% each year.
  • Nearly 60% of the world's Gen Z consumers live in Asia-Pacific.
  • A structural shift is underway: K-pop and Latin music have global reach, recorded music income is becoming less viable, and live touring is now critical.
  • This is the largest institutional wager on Asia-Pacific's experience economy by a regional operator.

About the business

  • Triangle Group is an end-to-end live entertainment platform for the Asia-Pacific region.
  • It handles live touring and festivals, taking on the financial risk of owning the tour or festival P&L (profit and loss statement).
  • Triangle operates in 18 cities across 9 countries.
  • It was formerly known as Creation Collective and is headquartered in Singapore.
  • The company manages every step of live touring and festivals, from the first offer to the last encore.

What happens next

  • Triangle plans to scale Asia-Pacific live touring and festivals infrastructure.
  • It aims to target consumer-facing services like travel and hospitality packages.

The deal

Type
seed

Investors

  • DSG Consumer Partners (lead) — Lead investor in the equity seed round; this is DSGCP's first investment in live entertainment. Managing Director & Head of Southeast Asia is Sameer Mehta.
  • Genesis Alternative Ventures (venture debt provider) — Provided $5M in venture debt. Partner is Eddy Ng.
  • Golden Gate Ventures (participated) — Participated in the equity seed round.
  • Oberoi Family Office (participated) — Participated in the equity seed round.
  • Angel investors (participated) — Participated in the equity seed round.

Founders

  • Greg Hargrave, CEO & co-founder
  • Zaran Vachha, MD, Culture & Creative & co-founder

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