Festicket, the world’s largest platform for music festival experiences, just secured €4 million in additional funding from Edge Investments. Founded in 2013 and headquartered in London, Festicket saw a pivotal year in 2018, which closed with an earlier Series D funding round led by transatlantic venture capital firm Beringea.
Festicket partners with festivals to provide travel packages that combine tickets, accommodation, and transfers in one complete and hassle-free one-stop shop for festival-goers. The fast-growing company has four additional offices alongside their London HQ in San Francisco, Amsterdam, Berlin and Porto.
Founded by Zack Sabban (CEO) and Jonathan Younes (CPO), the management team has since been bolstered by a series of senior executives hired from companies such as Live Nation, Eventbrite, and Channel 4.
As the European festival market continues to grow, Festicket’s ambitions are global – working with more than 2.5 million customers, over 1,200 festivals and 4,500 suppliers across 50 countries worldwide.
Edge’s investment will support Festicket’s entrance into new markets, primarily North America and Asia, alongside development of the underlying technology platform. Festicket is also planning to invest further in its community of passionate festival fans from around the world, with the aim of building an exclusive membership tier with added benefits in 2019.
Festicket CEO Zack Sabban commented: “We welcome this new investment from Edge at a really important time for Festicket. Edge has a unique network and wide music industry knowledge, as well as an excellent understanding of our approach to content and community – a crucial ingredient in our growth recipe. The investment team are very passionate about our business and they believe in and understand our mission and business model. It feels like a perfect match.”