SummaryEdit
Festicket is one of the world’s largest marketplaces for music festival experiences. Backed by Edge Investments, Beringea and Channel 4 and with over 1mn customers to date, Festicket allows customers to discover, plan and book their festival experiences in one place.
- 480% GMV CAGR since 2015 with €56mn GMV in 2018
- Over 1mn people from 100 countries have booked through Festicket
- Raised £16.8mn from Beringea, Edge, Channel4, InMotion & Lepe
- Over 1,200 festival partners including Wireless & Tomorrowland
IdeaEdit
Festicket was founded by Zack Sabban & Jonathan Younes back in 2012 to solve a problem they had themselves: they wanted to go to festivals all over the world but the process of organising everything was painful. So they decided to gather the festival & live music community around a central booking platform to make things more open, aware and connected.
Festicket empowers fans with a seamless service to book tickets and packages for festivals worldwide. Fans can also discover new festivals through Festicket’s online magazine and their integration with Spotify allows you to find festivals based on the artists and music you listen to most.
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 2.5mn 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 (-€6mn EBITDA 2018)
They now want to give customers the chance to share in their success so have reserved part of their recent funding round for the crowd, giving you the opportunity to invest alongside the VCs on the same terms.
TeamEdit
Zack Sabban - CEO & Co-Founder - Zack quit his job to start Festicket in 2013 after visiting nearly 50 different festivals in one year.
Jonathan Younes - CPO & Co-Founder - Serial entrepreneur who co-founded startups in music and content before starting Festicket.
Matt Hann - CFO - Former Head of Commercial Finance at Channel 4 and Board Director at Box Television, Walter Presents and Barcroft Media
Marie Traill - CMO - Former Head of Performance Marketing at carwow, Search Lead at Secret Escapes and Performance Marketing Manager at Trainline
Matt Ephgrave - COO - Former COO of ticketscript by Eventbrite. Also, worked at Y-Plan and Seatwave in the past
Matt Jared - CTO - Former Lead Backend Developer at Karhoo
Yonas Blay - CCO - Previous roles at Virtual Festivals
Investors:
Beringea, Edge Investments, Channel 4 Commercial Growth Fund, InMotion Ventures, Lepe Partners and U-Start.