Ticketscript, European market leader in self-service ticketing software, announced a new investment of GBP7 million (EUR8.6 million) from London based FF&P Private Equity. The new funding round is to be used to continue the firm’s rapid international expansion.
Dutch-British Ticketscript was founded in 2006 by Frans Jonker (CEO) and Ruben van den Heuvel, based on a survey they had the users of their previous concept, Beatfreax, complete. The survey showed the pain consumers experienced in purchasing event tickets, something the two decided to solve.
By 2009 they were selling 900k tickets yearly and in 2010 merged with British competitor Trinity Mobile (mobile ticketing), in the mean time raising around EUR3 million in funding. The combination maintained a rapid pace of growth, leading to EUR100 million worth of ticket sales in 2013. By now Ticketscript operates from offices in Amsterdam, Antwerp, Barcelona, Berlin and London, serving events like Awakenings, Dance Valley and the European Youth Olympic Festival.
Frans Jonker about the new funding they raised: “I’m extremely enthusiastic about the funding I can announce. FF&P Private Equity is the perfect partner to help bring Ticketscript to the next level. We offer an international ticketing solution and this investment allows us to strengthen our position, serve the increasing demand of clients and further our international expansion.”
Investors FF&P Private Equity, as the name gives away, are more of a private equity investor than the traditional venture capital fund (venture capital is usually considered one of the subcategories of private equity). The London based firm focuses on growth investments in the UK of between three and 15 million British Pounds. Their current portfolio holds a range of existing interests in software companies (among others).
Photo by Pieter van Marion (creative commons via Flickr)