Another British music/tech startup has announced a funding round today: Festicket, which focuses on ‘festival experiences’ with a network of more than 1,000 music festivals around the world.
The company has raised a $4.6m funding round from Edge Investments, just months after announcing a $10.5m Series D funding round in November 2018.
The company says the latest round will “support Festicket’s entrance into new markets, primarily North America and Asia, alongside development of the underlying technology platform”.
It’s also planning to launch “an exclusive membership tier with added benefits” for its customers later this year, having so far sold tickets to more than 2.5 million festivalgoers. “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,” said CEO Zack Sabban.