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Festicket, a UK-based festival booking platform has raised $4.6 million (€4.03 million) funding in a recent move from Edge Investments, the creative industries investor with music industry veteran Harvey Goldsmith as one of its directors. This is an extension of the $10.5 million it raised in the Series D funding in 2018.
With this investment, Edge joins the existing Series D investors including Beringea, a venture capital firm, InMotion Ventures, the venture capital firm from Jaguar Land Rover, Commercial Growth Fund of Channel 4, U-Start, Lepe Partners and ex Spinnin’ Records CEO Eelko Van Kooten. Previously, Festicket was backed by Wellington Partners, Lepe Partners, Playfair Capital and PROfounders among others.
Heads up about Festicket
Festicket was founded in 2012 by Zack Sabban and Jonathan Younes. It was founded with the intention to make booking festival experiences in Europe simple similar to booking a holiday. The platform lets you find and book festival tickets as well as a travel itinerary
Since it’s launch, the company works with over 1200 festivals and 4500 suppliers across 50 countries. It has served over 2.5 million customers across the world.
Aims to fuel expansion and growth
Festicket will use this capital to support its expansion into new markets, especially Asia and North America. It is also in plans to invest in the underlying tech platform as well as grow its community of festival fans all over the world. This way, the company can build an exclusive membership tier with additional benefits this year.
Teams up to Spotify
Recently, the UK-based startup integrated with Spotify. With this partnership, it becomes easy to discover music festivals based on the music that you prefer. This feature is called Festival Finder. It requires you to login to your Festicket using your Spotify login credentials. This way, the platform will extract information about your favourite artists and show 10 upcoming music festivals that might match your music preferences.
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