Festicket, a U.K.-based travel booking site for the music festival set, has raised a $2.7 million Series A round of funding. Capital firms Wellington Partners and PROfounders Capital led the round, which also included returning seed investors Windcrest Partners, Playfair Capital, KIMA Ventures and Jacques-Antoine Granjon.
Related News
The fast-growing startup gives music fans a way to discover and book complete travel packages -- tickets, transportation and hotel -- for festivals around the globe. Festicket works with over 200 festivals, including Tomorrowland, Leeds and Reading, and puts its membership at over 300,000.
Festicket was founded in 2012 by CEO Zacharie Sabban and CTO Jonathan Younes, and raised $680,000 in seed funding in March 2013. The company says they'll use the new funding to accelerate expansion beyond Europe and continue developing its product.
"We've started by building the most comprehensive online booking platform to add much-needed simplicity to travel in the live music space," said Younes. "We will use this new capital to take Festicket to the next level by building inspirational features and recommendation tools for festival-goers eager to discover new festival experiences."
The company also said it is currently developing strategic partnerships with major travel companies.