Breakaway produces touring music festivals and has expanded from festivals in four markets at the time of its 2022 Series A to 14 markets today. Founded in 2013, the company operates with more than 60 employees and offices in Nashville, Charlotte, Los Angeles and New York City. Annual revenue grew from about $15 million in 2022 to nearly $70 million last year. Each of Breakaway’s music festivals costs roughly $3 million to produce. In addition to its festivals, the company runs a record label and a digital content arm and plans to use proceeds from the recent Series B to scale those divisions and expand its touring business. The Series B pushed the company to a nine-figure valuation.

Total raised

$30M

Funding rounds

2

Latest round

Series B

Latest activity

Mar 2026