Tickitto has announced the closure of an oversubscribed $4.5m seed round led by Berlin based Vorwerk Ventures with participation from TriplePoint. A number of previous investors in the company, including well-known early-stage investor SeedCamp, have followed on their investment in this round.
The round includes notable strategic Angel Investors including: Martin Gould, who was head of product for Spotify’s content platform, ComplyAdvantage CEO Charles Delingpole, Universal Studio’s former VP of Business Development Jonny Moran, Revolut Business’ former CEO Richard Davis and GoCardless Founder Matt Robinson.
The South West company also confirms its official launch as the world’s most comprehensive B2B marketplace for tickets to sports, music, theatre and cultural experiences via its innovative REST API, supply distributed via global heavyweight Amadeus, and European leading travel operators Él Viajas Corte Ingles and Carrefour Voyages.
Tickitto CEO Dana Lattouf said: “I am proud and inspired by the way we’ve risen to the challenge given the impact of COVID and this funding round is perfectly timed with the great return of events and experiences. We’re grateful to have the continued investment of our current investors and excited to welcome our new investors on this journey of scale.’
‘Having focused on our technology while the events and travel industry was essentially in hiatus due to the global pandemic, we are now strongly positioned to develop new strategic relationships with suppliers and distributors. We’ll be using the funds to hire heavyweight partnership development teams and to invest in data infrastructure which will help Tickitto’s clients provide a level of personalised service previously unavailable in the ticketing industry.’
Sascha Günther, Principal of Vorwerk Ventures, added: “We’re very excited to be part of the journey. Their business fits perfectly into our portfolio of disruptive innovators. We have been impressed with the progress they have made both in terms of technological innovation and the relationships they have developed with major players.”