Newion backs startup PlayPass

The startup has raised €7.9m to date via seed funding and two series-A rounds in 2015 and 2017.

Newion is currently investing from its Newion III vehicle, launched in July 2017 and currently still on the fundraising trail. With a target size of €85m, the fund was first used to contribute to a €1.1m round for Netherlands-based logistics tech startup Synple, based in Breda.  

PlayPass intends to use the funds to expand internationally.   

Company
Founded in 2012, PlayPass offers a wristband that enables event organisers to manage crew, artists and crowds. The product creates ways for the public to interact with brands at events, both in person and via social media, also facilitating cashless payments, accreditation management, access control, brand activation and social media. The startup is based in Antwerp.

People
PlayPass – David De Wever, Dale Hofkens (founders).

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