Last week, online ticketing platform, Fatsoma, launched an equity crowdfunding campaign on Seedrs with a mission to raise £350,000. Within the first seven days, the campaign has successfully secured over £100,000.
Fatsoma, which was founded in 2005, offers a marketing solution for event organizers and venues. It allows organizers complete control of their online ticket sales and promotions. The platform’s main purposes are the following:
- Sell a greater number of tickets.
- Collect more data and information about their customers.
- Increase the online exposure of their events via social media.
The website currently has over Fatsoma has over 10,000 users signed up on the platform and is used by over 1.9 million members to buy tickets.
During a recent interview, Ben Taylor, Fatsoma’s financial director, stated:
“We looked at a number of different options for this campaign and definitely found Seedrs to be the best choice, because they focus on doing equity crowdfunding the right way with an effective product. Their strict due diligence – such as independent valuations – that have to be met before they will even list a potential investment opportunity gives entrepreneurs and investors a trusted platform.
“In addition, they also make it accessible to invest and support campaigns on the site, which has played a huge part in the success of our campaign. We are delighted with the additional support the Seedrs team has given us, not least being included in its weekly round-up of opportunities to their network, and their advice at each stage of the campaign.”
He then added:
“We are also thrilled with the investments we have received in the first week of the campaign going live, and with the support support shown by so many of our partners, clients and business associates for the Fatsoma business and brand.”
Funds from the campaign will be used for further expansion, investments in sales and marketing, partnerships, and development.
Have a crowdfunding offering you'd like to share? Submit an offering for consideration using our Submit a Tip form and we may share it on our site!