UK-based festival ticket platform Festicket raises $10.5 million

andrii@tech.eu

London-based festival ticketing portal Festicket has landed $10.5 million in a funding round led by Beringea, with participation from Jaguar Land Rover’s venture capital fund InMotion Ventures, Channel 4’s Commercial Growth Fund, Lepe Partners, U-Start and the former CEO of Spinnin’ Records Eelko Van Kooten. The company plans to use the fresh capital to fuel its expansion into North America and Asia.

Festicket allows customers to discover and book tickets and travel packages for over 1,200 music festivals across the world. With a network of more than 4,000 travel and accommodation suppliers, the marketplace has served more than 2 million travellers since its launch in 2012.

Festicket is headquartered in London and has offices in Amsterdam, Berlin, Porto, and San Francisco. It has raised a total of $24.2 million to date. As part of the current funding deal, Eyal Malinger, investment director at Beringea, will join the Festicket board, along with Treatwell’s COO Ben Leaver.

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