Festicket, a UK-based music festival experience marketplace, is now seeking £4 million through its new equity crowdfunding campaign on Crowdcube. Founded in 2012 by Zack Sabban and Jonathan Younes , Festicket states it provides fans of live music a unique, hassle-free, and money-saving service to discover and book ticket/packages for their next festival trips. The company explained:
“Working closely with its festival partners and suppliers, Festicket packages festival tickets, accommodation, travel, and add-ons to ensure that festival-goers’ next live music experience is as simple and pleasant as possible.”
Festicket also claimed it has quickly grown to be the world’s largest music festival platform with over 1,000+ music festivals on offer, and a growing community of more than 2.5 million festival-goers.
“Festicket have helped over 1mn fans book experiences through the platform with over 1,200 Festival partners and 5,000 suppliers, including Wireless & Tomorrowland. They have built an online community of 2.5 million members with their online magazine and guide receiving over 65mn page views in 2018 and have grown their revenue by over 480% since 2015. Festicket has been through a planned investment phase with an aim to aggressively capture market share. It is still loss-making at this stage (-€6 million EBITDA 2018).”
Funds from the campaign will be used to continue the growth and development of the Festicket platform. Prior to launching the funding round on Crowdcube, Festicket secured £3,500,000, which is represented on the progress bar for clarity. Altogether, the campaign has raised more than £3.7 million from nearly 780 investors. It is set to close at the beginning of April.
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