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Face-value resale site Vibe seeks to raise £600k

The Lancaster-based start-up, recently valued at £6m, has raised over £300,000 in less than two days on crowdfunding site Crowdcube

By IQ on 19 Aug 2016

Luke Massie, Vibe Tickets, Richard Branson

Massie with Sir Richard Branson at the 2016 Virgin Voom awards, at which Vibe won £20k


image © Luke Massie

Vibe Tickets, a UK-based ‘ethical’ secondary ticketing site, is making available 10% of its equity as it seeks to raise £600,000 on crowdfunding platform Crowdcube.

Vibe, founded three years ago by then-20-year-old Luke Massie, facilitates through its app the buying and selling of unwanted concert and event tickets at face value or less. It has since last year connected over 30,000 users in eight countries.

“I simply hated seeing genuine fans being ripped off by touts and the secondary market,” says Massie, “and I’m clearly not alone. We’ve now got 145,000 followers on Twitter and an incredibly active community on our app, so we’re opening up Vibe Tickets for people to invest in our vision and share in our success via Crowdcube.

“It’s a great opportunity for anyone who wants to help us outsmart the ticket touts and help us build something that’s genuinely disruptive and incredibly useful to genuine fans”

“This investment round will make 10% of Vibe Tickets available through Crowdcube. We’re looking for fans, followers, friends and venture capitalists to invest anything from £10 towards our target of £600,000. It’s a great opportunity for anyone who wants to help us outsmart the ticket touts and help us build something that’s genuinely disruptive and incredibly useful to genuine fans.”

The Crowdcube campaign launched on Wednesday (17 August) and has so far raised £312,870 from 104 investors. The company was recently valued at £6 million.

 


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