Ministry of Sound is already a business with many arms, but now it’s playing tech investor.
The company has taken a “significant” stake in British ticket aggregation startup TickX, which launched last December.
The company has a website and mobile apps that compare prices across 15 ticketing services for more than 36k events in the UK. Ministry said that its investment will help the company expand across Europe.
“TickX is an exciting young brand and business which embodies our approach to challenging the norm and going up against big rivals,” said CEO Lohan Presencer. The startup is certainly ambitious.
“Our vision is to replicate the successful models of sites such as GoCompare and SkyScanner. It’s clear that comparison sites offer strong and sustainable growth potential as they dominate in almost every vertical sector,” said TickX co-founder Steve Pearce.
“Somehow however, the events industry has been left out and it’s a gap we are now filling.”