The all-stock deal – significantly less than the roughly £31m raised by the start-up since 2012 – will make the Time Out Group "stronger than ever", says its CEO
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Ticketing and event payment platform TicketCo has raised £4.6 million, in the a “big step forward” for the company as it continues its European growth
By Anna Grace on 21 Jan 2020
Event payment start-up TicketCo has received £4.6 million in private investment, as the company looks to increase its presence across Europe.
Founded in Norway in 2013, TicketCo has since launched in the UK, Poland and Sweden. Its technology is compatible with Android and iOS devices and enables organisers to promote offers on food, drink and merchandise in advance of events.
The investment will enable the Bergen-based company to continue its growth across Europe, as well as supporting increased sales and operational teams and establishing the company as a licensed European Payment Institution.
“This private investment will enable TicketCo to continue to invest in the innovation that has made our product so appealing”
“This private investment will enable TicketCo to continue to invest in the innovation that has made our product so appealing and further support continued strategic growth across Europe,” says TicketCo co-founder Carl-Erik Michalesen Moberg.
“This is another big step forward for TicketCo, we believe we’ve designed the perfect sales tool for the events industry and this funding will enable us to take it to the next level.”
TicketCo provides payment services for a number of football clubs in the UK and Norway, and has partnered with London-based Tobacco Dock, Coalition Agency, Ministry of Sound and Junkyard Golf Club in the events space.
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