Festicket, a portal for music festival experiences, has raised $10.5 million in Series D funding.
The round for the London-based business was led by Beringea and also involved a number of venture funds including InMotion Ventures - the venture fund of Jaguar Land Rover - and Channel 4’s Commercial Growth Fund.
Eyal Malinger, investment director at Beringea, will join the Festicket board, as will Ben Leaver, chief operating officer of online beauty treatments platform Treatwell.
The company is focusing on expansion into North America and Asia, as well as increasing its range of events.
Zack Sabban, co-founder and CEO, says this latest investment will help it expand to more verticals.
"Our success so far has been driven by our focus on content, community and commerce, so we will use the same ingredients to become the go-to global brand for live event experiences."
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Festicket highlights research from the U.K. Music’s Tourism report which reveals that in the United Kingdom, it grew from £2.2 billion in 2012 to more than £4 billion in 2017.
In July, the company announced an integration with Spotify to help listeners discover festivals according to their music preferences.
This Festicket's largest round with prior funding totalling $13.7 million including Series A of $2.7 million in September 2014 and $6.3 million in June 2016.