PlayPass, a European startup providing smart wristband solutions to festival goers has raised a funding of €1.9 million from Newion and the existing angel investors. In addition to this, the startup also aims to raise another €10 million by early 2020. This funding will be used for its expansion into other markets and improve its sports event market presence, claims a report by our folks at Tijd.be.
With the recent funding, the Antwerp-based startup has raised a total of €7.9 million to date. Founded in 2012, PlayPass has worked with 150 festivals hosted in 20 countries spread across 5 continents having at least 25,000 to 80,000 visitors a day.