Festicket, one of Europe’s leading online platforms for music festival experiences, raises a $6.3 million round led by Lepe Partners and existing investors Wellington Partners, PROfounders, and Playfair Capital. Arthur Kosten – ex-CMO of Booking.com, vente-privee Entertainment (VPE) – pioneer in online flash sale concept and global industry leader, and Jean-Charles Carré – the business partner and manager of world DJ Superstar David Guetta have also backed the London-based firm.
Festicket was founded in 2012 and empowers music fans with a seamless service to discover and book tickets and travel packages for music festivals worldwide. The platform offers an end-to-end experience for music travelers, an efficient two-sided marketplace for 500+ music festivals across 40 different countries, and a network of 1,000 suppliers for accommodation and travel packages.
The fresh capital will be deployed into operational and marketing resources to grow the Festicket live music fan community, supplier base and brand globally. The startup previously raised a $2.7 million Series-A round in September 2014 – following on from a $680K seed in 2013, which take’s Festicket total funding to around $10 million.
Zack Sabban, CEO & co-founder of Festicket said: “We have the opportunity to build a global internet business that can change the face of the live music fan industry. Well over 60 million domestic and international travelers are now willing to experience festivals as holidays. We intend to provide them with the most comprehensive and experiential platform to search, discover and book music trips.”
After an incredible 425% average YoY growth over the last 2 years, Festicket now has strategic supports from experienced and successful investors to make Festicket the world leading seller of music festival experiences.
Since launching, Festicket has enabled 250,000+ travelers from 120 countries to enjoy music festival experience curated by the platform. Originally launched in English, the site is now also available in French and German, and will deploy native-speaking teams and local offices to each market.