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InMotion invests in Festicket

Author:
Category: News
Published: 12/11/2018

We are excited to share our investment in Festicket, the world’s largest portal for music festival experiences. Festicket today have announced that they have raised $10.5 million in Series D funding. We have invested alongside transatlantic venture capital firm Beringea, who led the round, Channel 4’s Commercial Growth Fund, Lepe Partners, U-Start and ex Spinnin’ Records CEO Eelko Van Kooten.

Festicket empowers music fans with a seamless service to discover and book tickets and travel packages for over 1200 music festivals worldwide. The two-sided marketplace uses a network of over 4000 accommodation and travel suppliers to create end-to-end experiences. To date, the company has served 2m+ travellers from 120+ countries and has a community of over 2.5m registered, highly-engaged, global travellers, adventurers and live music lovers.

Festicket is seeking to become the no.1 global live events experiences platform by focusing on expansion into North American and Asian markets and expanding its supply base by offering a broader range of events. The company will also continue to build its discovery and community network through new marketing channels, including a content and media partnership with Channel 4 and continued investment in improving the customer experience through product and R&D innovation. The firm has offices in London (HQ), Amsterdam, Berlin, Porto and San Francisco.

Zack Sabban, CEO and Co-Founder at Festicket commented: “With this new investment we will be able to accelerate the expansion of our unique business model internationally and to more verticals. Our success so far has been driven by our focus on content, community, and commerce, so we will use the same ingredients to become the go-to global brand for live event experiences.”

Jonathan Younes, CPO and Co-Founder at Festicket added: “Our product will continue to develop and innovate alongside the business. We’ll be launching exciting new features for our community that make discovering and booking live events easier and more intuitive than ever before.”

Sebastian Peck, Managing Director, InMotion Ventures, said: “Our investment in Festicket reflects our belief that premium mobility is about adventures and experiences that people love for life. The festival industry is a tangible manifestation of this desire, and we want to help make it easier for every future festival goer to create everlasting memories.”

For more information, please visit here Festicket.