The members of folk band Stornoway are raising a second round of equity funding for their new company Tigmus (This Is Good Music), which allows artists and fans to tap into over 750 unusual venues across the UK and Europe.

The service uses a framework similar to Airbnb where live music spaces are listed for artists to book one-off shows or entire tours. Social media analytics on the site guides artists on when and where to play and also recommends ...