Festival season is just beginning and the mania that accompanies our collective efforts to secure that (increasingly exorbitant) entry ticket is gathering pace. That stress, and the fact that ten new festivals seem to spring up every year, may be enough to put you off what is, ironically, supposed to be the ultimate escape.
Enter Festicket, an alumni of Innovation Warehouse that provides music festival fans with an online service for general admission and VIP tickets, as well as travel packages to some of the most popular events worldwide. The platform, which you may have seen advertised on billboards around the capital, ensures a smooth customer experience – making an arduous task relatively simple and cost effective.
Festicket was established by Frenchmen Jonathan Younes and Zacharie Sabban in 2012 at Innovation Warehouse, which played a critical role in the startup’s success through support and mentoring. The idea for the company was born when Sabban (a keen traveller) became frustrated by how difficult and time consuming it was to research, book and organise trips to festivals.
Reminiscing on their time at Innovation Warehouse, the founders said they particularly appreciated the access to networking events and described the organisation as “a superb environment for start-ups and developing companies”.
In 2012, Festicket had a turnover of €6,000, handled only ten events and had 2,000 members. The company now works with over 200 festivals and has a user base of over 300,000 festival-going members.
Festicket was funded by family and friends during its launch phase, raising roughly €70,000. As of March 2013, Festicket had raised $680,000 from a seed-funding round and in September 2014 closed a $2.7 million Series A round.
The notable Series A investors were European VC’s – Wellington Partners, PROfounders Capital Jacques – Antoine Granjon (CEO of ventee-privee.com), Playfair Capital and Windcrest Partners, which is a New York based VC firm.
Seed investors included Kima Ventures (French Early-stage fund) #1seed, Jacques – Antoine Granjon, Playfair Capital and Windcrest Partners. The investment capital is aimed at accelerating Festicket’s growth and further developing the platform, extending its range of services and marketing.
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