Netherlands-based online tours and activities platform Tiqets has secured a €25 million loan from Dutch bank ABN AMRO to refinance its existing venture debt facility.
The loan will enable “significant savings and enhanced flexibility for future growth,” according to Tiqets. ABN AMRO also said it is focused on digital transformation, with the loan highlighting its commitment to doing so in the Netherlands and North-west Europe.
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“Tiqets is at the forefront of innovation in the travel experience industry, and we see immense potential for its continued growth,” said Ben Janssen, senior banker for digital clients at ABN AMRO. “This financing underscores our commitment to fostering technological advancement within the digital sector and our mission to support Dutch tech.”
Founded in 2014, Tiqets helps travelers book museums and attractions globally. The company raised $60 million in Series C funding, led by Airbnb, in 2019, and maintains partnerships with venues such as Vatican Museums, Sagrada Familia, Louvre and the Empire State Building.
“This refinancing marks a milestone for Tiqets, allowing us to reinforce our current commitments and unlock new opportunities for growth,” Stef Pillen, Tiqets chief financial officer, said on LinkedIn.
“With greater financial flexibility, we can continue to innovate, enhance the accessibility of culture, and expand the capabilities of our platform.”