Dutch investment fund Newion invested 1.8 Mio in the Belgium startup Oxynade. Oxynade offers eTaas, an unique online ticketing self-service platform for event organizers.
Oxynade: white label eTaas
The eTicketing as a Service provides topnotch ticketing technology infcluding a complete set of back office services including payment processing, helpdesk etc. to organizers of fairs, festivals, parties, venue owners, theaters, theme parks, arenas etc. They are already active in eight countries and the investment and support of Newion, expanding the international market to become market leader is their next goal. Shareholders Arkafund and Vinnof will end their participation.
Hans Nissens, founder and CEO of Oxynade: “Newion Investments is the perfect partner for Oxynade to accelerate European growth. We’re excited about Newion’s cooperation with its portfolio companies. This is a 100% match with the Oxynade strategy and will enable us to achieve the number one position in the eTaaS market even faster.”
Newion Investments new eye on investments
Newion is based in Heerenveen and was founded in 2000. It’s one of the most succesful investment company in its sector and their portfolio includes companies as Collibra, Reasult, 24iMease, Instant Magazine L1nda and The Next Ad. Newion is now investing from its third fund, with a total value of €50 million. Their main focus is business technology and software companies based in the Benelux.
Patrick Polak, Managing Partner at Newion Investments: “We strongly believe in the team of Oxynade and are impressed by their strong combination of vision and execution. With our knowledge of B2B software companies we can help Oxynade grow towards international market leadership!”
It looks like Tiqets has a potential rival in Oxynade, a nice challenge for Oxynade to become next years fastest growing ticket company!