Festicket Unveils a $4.6 Million Investment from Edge
Festicket has just secured another major investment to continue its expansion into more key markets.
Several months ago, British online booking platform Festicket confirmed a fundraising milestone.
The company secured $10.5 million in a Series D funding round. Transatlantic venture capital firm Beringea led the fundraising round. Jaguar Land Rover’s venture capital fund InMotion Ventures, Channel 4’s Commercial Growth Fund, Lepe Partners, U-Start, and Eelko Van Kooten, former CEO of Spinnin’ Records, also joined in.
Most recently, the booking platform has focused on expansion into the North American and Asian markets.
With the funding, Zack Sabban, Festicket’s Co-Founder and CEO, confirmed the company would accelerate the international expansion of its business model. Festicket has also bolstered its management team with senior executives hired from companies including Live Nation, Eventbrite, and Channel 4.
In addition, the online booking platform would also use the money to continue building its discovery and community network through new marketing channels.
Now, the company has a new investment to unveil.
Edge-ing out the competition.
Edge Investments, a creative industries specialist, has invested $4.6 million in Festicket.
The online booking platform has also confirmed it now works with over 2.5 million customers, over 1,200 music festivals, and 4,500 suppliers across 50 countries around the world.
Festicket says that the new investment will further its entrance into new markets, primarily North America and Asia. The new funding will also further the development of the company’s underlying technology platform.
Investment Director David Fisher led the investment from Edge, alongside Investment Manager Josh Burge.
In a statement, Fisher said,
“The experience, events and festival markets continue to grow exponentially and Festicket is strategically positioned to benefit from these combined trends as a horizontally integrated platform.”
“Edge has a unique network and wide music industry knowledge, as well as an excellent understanding of our approach to content and community – a crucial ingredient in our growth recipe.”