Festicket, the U.K. based festival booking platform, has just picked up another $4.6 million in funding. This comes as an extension of the company’s $10.5 million Series D late last year. Edge Investments, a creative industries investor with music industry veteran Harvey Goldsmith as a director, is the latest investor to support the London based startup.
Edge joins an existing roster of Series D investors, including Jaguar Land Rover’s venture capital fund InMotion Ventures, venture capital firm Beringea, Channel 4’s Commercial Growth Fund, U-Start and ex Spinnin’ Records CEO Eelko Van Kooten. The company was previously backed by Lepe Partners, Wellington Partners, PROfounders and Playfair Capital, among others.
Founded in 2012, Festicket set out with the aim to make booking various festival experiences as easy as booking a package holiday. The platform lets you discover and book festival tickets across Europe and the related travel itinerary. Today, the company serves more than 2.5 million customers worldwide, working with over 1,200 festivals and 4,500 suppliers across 50 countries.
Following a recent integration with Spotify, Festicket can now help you discover music festivals based on the music you enjoy. The new integration allows you to connect your Spotify account to Festicket using Spotify login. After this, the platform uses data on your favourite artists and suggests 10 upcoming festivals that it deems will align with your taste in music.
The additional capital will be used to support Festicket as they enter into new markets, primarily North America and Asia. The company also plans to invest in its underlying tech platform, help grow its community of festival lovers and build an exclusive membership tier with added benefits in 2019.
