Festicket, an online platform for music festival experiences, has raised $6.3m in Series B funding.
The round drew support by Lepe Partners and existing investors pan-European VC firms Wellington Partners, PROfounders and Playfair Capital.
The news comes after the startup raised $2.7m in Series A funding in September 2014 and $680,000 in seed funding back in 2013.
Zack Sabban, CEO and co-founder of Festicket, commented on the raise: “We have the opportunity to build a global internet business that can change the face of the live music fan industry. Well over 60 million domestic and international travellers are now willing to experience festivals as holidays. We intend to provide them with the most comprehensive and experiential platform to search, discover and book music trips.”
The money, the company said in a statement, will be deployed into operational and marketing resources to help Festicket grow.
Jonnie Goodwin, founder of Lepe Partners and co-founder of Founders Forum said: “We are proud to be working with and investing in Festicket.
“The market opportunity for the business is huge and growing – in Europe, alone there are now more than 3,000 festivals for music fans of all ages. We are looking forward to actively supporting the team with their growth plans,” he concluded.
Originally launched in English, Festicket is now also available in French and German, and says it will deploy native-speaking teams and local offices in each market.