Edge invests £3.5m in Festicket

The investment comes just three months after Beringea led a $10.5m series-D round for the company.

The latest round of funding will support the company's international expansion, which is focused on the US and Asian markets in particular. It will also fund product development.

Previous funding
Prior to the latest round, Festicket had raised $24.2m across various series of funding.

Windcrest Partners, Playfair Capital and Kima Ventures took part in a $680,000 funding round for the company in 2013. The following year, ProFounders Capital and Wellington Partners led a $2.7m round.

The business then raised a $6.3m series-B round led by Lepe Partners in 2016 and an undisclosed series-C funding round in 2017. This was followed by the aforementioned Beringea-led round in November 2018, in which Lepe Partners, Jaguar Land Rover's venture capital arm InMotion Ventures, Channel 4's Commercial Growth Fund and U-Start also took part.

Company
Founded in 2010, London-headquartered Festicket is an online platform that allows customers to buy package deals for music festivals, including event tickets, accommodation and transport.

People
Edge Investments - David Fisher (investment director); Josh Burge (investment manager).
Festicket – Zack Sabban (CEO).

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• Topics
• Expansion
• UK / Ireland
• Consumer
• United Kingdom
• Venture