Festicket, the UK startup that lets you book a wide range of music festival experiences, has closed $6.3 million (£4.69 million) in Series B funding. Lepe Partners led the round, with participation from existing investors Wellington Partners, PROfounders, and Playfair Capital.
Noteworthy, the London-based company has also picked up Arthur Kosten (ex-CMO of Booking.com) and Jean-Charles Carré (the business partner and manager of DJ David Guetta) as backers.
“The new capital will be deployed into operational and marketing resources to grow the Festicket live music fan community, supplier base and brand globally,” Zack Sabban, co-founder and CEO of Festicket, tells.
Sabban continued, “We clearly intend to make Festicket the most powerful brand in the music festival industry and all resources will go toward this goal”.
To that end, Sabban says that the startup’s strongest market is its home country of the UK, but that the plan is to take the model, which he feels is now validated, and grow internationally. France, Germany, and the Netherlands will be the focus next, including the recruitment of “native-speaking teams and local offices,” he says.
Sabban added, “Over the last two years, we grew our revenue by 425 per cent on average year-on-year and went from a nice little player in the music festival industry to be clearly — and by a long run — Europe’s largest online platform for music festival experiences”.Risk Warning:
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