Who said that funding for music startups was drying up? Admittedly, Festicket is one of the companies that doesn’t require licensing deals for recorded music. Instead, it’s a company that sells festival tickets and travel packages to music fans, based in the UK.
Now the firm has raised a $6.3m Series B funding round, led by Lepe Partners with Wellington Partners, PROfounders, and Playfair Capital also participating in the round. “The new capital will be deployed into operational and marketing resources to grow the Festicket live music fan community, supplier base and brand globally,” CEO Zack Sabban told TechCrunch. “We clearly intend to make Festicket the most powerful brand in the music festival industry and all resources will go toward this goal.” Among Festicket’s expansion plans: France, Germany and the Netherlands, as it seeks to grow beyond its current 2m monthly visitors.