Festicket Secures $2.7 Million Series A Funding to Expand Festival Platform
Festival ticketing platform Festicket has secured $2.7 million in Series A funding, led by Wellington Partners and PROfounders Capital. Previous investors including Playfair Capital, Windcrest Partners, KIMA Ventures, and Jacques-Antoine Granjon also participated in this round, following their $680,000 seed funding contribution in 2013.
Festival logo, purple background
The company plans to utilize this investment to:
- Accelerate international expansion, with the U.S. market as a primary target
- Grow their team
- Further develop their business model
- Enhance their online booking platform
Currently, Festicket features just one U.S. festival, Atlanta's TomorrowWorld, but aims to expand its presence significantly in the American market.
According to Co-Founder and CTO Jonathan Younes, "We've started by building the most comprehensive online booking platform to add much-needed simplicity to travel in the live music space. We will use this new capital to take Festicket to the next level by building inspirational features and recommendation tools for festival-goers eager to discover new festival experiences."
This investment marks a significant step in digitalizing the festival industry, making it easier for music fans to discover and book festival experiences worldwide.