Dutch firm TicketSwap pitches itself as an “ethical ticket resale platform”, letting fans buy or swap tickets for live events with a 20% cap on how much they can charge over the original price. More than five million people have used the service so far, and now it has raised a $10m funding round to continue its growth as live music begins to return.
Amsterdam-based firm Million Monkeys provided the investment, which is the first funding round since TicketSwap was founded in 2012. “Instead of having to take a step back due to Covid, we can now accelerate our growth,” said CEO Hans Ober. “We are expanding to new markets and improving the quality of our service.”
It is also working on new features, including a ‘raffle’ style way to distribute tickets for high-demand events, plus discovery and personalisation features to help its customers find more events to buy tickets for.