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July 16th, 2020

Startup Focused on Performing Arts Receives Funding

BLOOMINGTON, Ind. — Stagetime today announced a $20,000 investment received from Elevate Ventures through Elevate’s Community Ideation Fund. The Bloomington-based startup is an online professional network for the performing arts.

Founder and CEO Jennie Moser received a master’s degree in Voice and Opera from Indiana University in 2019 and started Stagetime the same year. She previously designed websites for individual artists, colleagues and friends, ultimately fielding over 450 requests and building over 100 websites. Moser eventually created templates so individuals could create their own, which led to the development of the professional network.

According to Moser, Stagetime’s model levels the playing field for those in the industry, saving time and money for artists who otherwise might not be able to create their own websites.

“The funding from Elevate Ventures is the difference between pre-product and product,” said Moser. “Stagetime is an interesting business in that we’ve been able to get closer to product-market fit faster than a lot of startups at this stage. The funding will allow us to develop the product and move forward with something we already know is a good fit for our audience.”

As a result of the product development, Stagetime had the opportunity to pitch to the IU Angel Network, which connects IU affiliated investors with IU affiliated companies.

Stagetime has started beta testing. Moser said initial testing will likely end in mid-August, and then the product will roll out to the more than 750 users now on a waiting list.

Stagetime participated in and graduated from the Elevate Ventures pre-accelerator program Elevate Origins in the first quarter of 2020. The company is a member of The Dimension Mill, a coworking space in Bloomington.

“Jennie is the perfect mix Elevate looks for in an entrepreneur,” said Cy Megnin, Elevate Ventures entrepreneur-in-residence serving Velocities, a partnership among Elevate, Dimension Mill, and the Bloomington Area Chamber of Commerce. “She is a domain expert in her field, highly coachable, and has an amazing knack for getting all stakeholders rowing in the same direction. It has been an absolute pleasure to see this startup from the very beginning and see her growing at a meteoric pace.”

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