TickX receives £3m investment
TickX, the UK’s leading search engine and discovery platform for events and attractions tickets, will accelerate its push into Europe in 2018 after raising Series A funding of £3 million, led by BGF Ventures, the largest UK-focused venture capitalists. The funding round saw existing investors – music giants Ministry of Sound and 24Haymarket increase their backing.
TickX allows customers to find and buy tickets for over 125,000 events and attractions from all the major ticket-selling platforms, including Ticketmaster, Headout and Skiddle, in one place. TickX’s mission is to become the one-stop global destination for entertainment-lovers across the world looking for the best tickets.
The founders last year appeared on BBC’s Dragons’ Den and turned down three offers of £75,000 from the Dragons. Since the episode aired, over one million event-goers have used TickX to plan their day or night out. The company has now also raised 40x the amount offered on Dragons’ Den.
Specifically, the investment will be used to:
- Fuel international growth – TickX, which is already live in the UK, Ireland and Spain, will be launching in even more European countries in the coming months to give millions more entertainment-lovers the benefit of comparing over 125,000 events and attractions from all the major ticket sellers in one place.
- Launch cinema tickets – TickX will soon be adding cinema tickets to its service, so movie lovers can always find the best priced tickets at their local cinema.
- Invest in innovation – After launching the world’s first Chatbot for event ticketing and its market-leading 3D seating map for theatres in 2017, TickX will continue to invest heavily in new technologies, ensuring customers always have the best experience when discovering and buying tickets.
- Grow the TickX team – TickX will be growing its Manchester-based team to 35 to support its rapid expansion.
Steve Pearce, CEO, TickX, said: “Over one million event-goers last year discovered that TickX is the only place they need to go to discover experiences and buy the best tickets.
Now, our focus is firmly on international expansion and leading innovation in the multi-billion pound global experience market. The new funding from BGF Ventures and our other fantastic investors will drive us towards becoming the go-to destination for experience-lovers across the world.”
George Mills, BGF Ventures, said: “We are both proud and excited to be backing Steve, Sam and the whole of the TickX team. We’ve been seriously impressed by their ambition and pace in building the company, and we’re confident that TickX will continue to expand and reach their goal of becoming the global go-to platform for discovering experiences.”
Business funding news
BGF invests in North East Tech Business
BGF has completed a multi-million pound investment for a minority shareholding in a Teesside-headquartered Engineering Information Management (EIM) software company,…
BGF and Sir Anthony Seldon lay out plans for National Renewal Fund
New report: From survive to thrive – funding the growth economy to kickstart an investment-led recovery New report warns of…