<article><a href="http://www.tunestudios.com/" target="_blank">Tune Studios</a> and BAC Ventures have acquired Malaysian live music booking startup <a href="http://www.gigfairy.com/" target="_blank">Gigfairy </a>for an undisclosed amount.</article>

<a href="http://www.tunestudios.com/" target="_blank">Tune Studios</a> and BAC Ventures have acquired Malaysian live music booking startup <a href="http://www.gigfairy.com/" target="_blank">Gigfairy </a>for an undisclosed amount.
The company is looking to expand regionally, riding on both investors’ repertoire in the industry.
“Tune Studios and BAC are doing incredibly exciting things for the live music industry. We share one common goal – to uplift the entire music industry starting here at home in Kuala Lumpur and then the rest of the region,” Gigfairy founder and chief executive officer Brian Foo <a href="http://e27.co/gigfairy-strikes-right-note-tune-studios-bac-ventures-20160122/" target="_blank">told a news portal</a>.
Foo will continue to helm the company after its acquisition.
The startup received a $28,000 in pre-seed funding led by Endeavour Capital in February last year. Prior to that, 1337 Ventures had invested in Gigfairy after the startup underwent its accelerator programme.
Founded in 2014, the Kuala Lumpur-based startup provides a platform where users can easily book live music for any occasion, which in turn provides more opportunities for musicians to perform.
Gigfairy currently has over 200 artists from a variety of genres on its platform.
In addition to live music, Gigfairy offers affordable sound system bookings as an option.
The company was among the 1337 Ventures’ Alpha Startups, and it had also participated in 1337 Ventures’ three-month accelerator programme.
1337 Ventures founder and CEO Bikesh Lakhmichand noted that Gigfairy, which had gone from inception to acquisition in 12 months, demonstrates that traditional businesses realize the need for inorganic growth via startups.
Tune Studios, part of Tune Group, was formed by music industry professionals as a one-stop centre for all sorts of entertainment solutions, offering audio production as well as a wide spectrum of services, from content development to event management.
The firm is currently the largest audio production facility in Malaysia, with 10 fully functioning, state-of-the-art rehearsal and recording studio rooms.
The company and BAC Ventures have tied up for a number of live events and concerts.
Also read: <a style="color: #ff0000;" title="VC Roundup: MyMusicTaste gets $10m Series A; MultiPhy secures $17m investment" href="http://www.dealstreetasia.com/stories/vc-roundup-2-zebpay-mymusictaste-27349/" rel="bookmark">VC Roundup: MyMusicTaste gets $10m Series A; MultiPhy secures $17m investment</a>
<a title="Ebook soundtrack startup Booktrack raises $5m Series B led by COENT Venture Partners" href="http://www.dealstreetasia.com/stories/vc-coent-leads-series-b-round-of-funding-in-booktrack-9722/" rel="bookmark">Ebook soundtrack startup Booktrack raises $5m Series B led by COENT Venture Partners</a>

Tune Studios and BAC Ventures have acquired Malaysian live music booking startup Gigfairy for an undisclosed amount.

Tune Studios, BAC Ventures acquire Malaysian live music booking platform Gigfairy

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Tune Studios, BAC Ventures acquire Malaysian live music booking platform Gigfairy

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