Twickets has been backed by the managers of Noel Gallagher’s High Flying Birds and other major figures in the music industry as it seeks £700,000 ($875,000/€775,000) through a new crowdfunding drive.
The fan-to-fan ticket platform, whose face-value policy is intended to promote fair resale prices, announced that the public will be able to invest in it for the first time through a Seedrs launch.
Music industry veterans Marcus Russell and Alec McKinlay of Ignition Management are among those to put their money into Twickets, along with Tony Wadsworth, the former chairman of EMI Music, and Chris Wright, the co-founder of Chrysalis Records and radio stations Heart FM and LBC.
Twickets wants to use the cash to help push its expansion in new territories, and one new investor is Neo Sala, founder of Spain’s largest concert promoter, Doctor Music, with whom Twickets will now partner.
Twickets has also become the official resale partner of English Premier League club Crystal Palace, whose chairman and co-owner Steve Parish has become an investor.
Commenting on the funding round, Twickets founder Richard Davies said: “Our second round of investment is an exciting opportunity to further expand the business internationally, and welcoming top industry players like Neo Sala, Marcus Russell and Alec McKinley into the Twickets family is a great development. As well as this, investing through Seedrs is an opportunity for fans to be a part of our continued growth.
“We are also incredibly proud to become the first face value resale platform to represent a Premiership football club. Working with Steve Parish and the staff at Crystal Palace to facilitate fair resale of match tickets between club members is an exciting and important step for Twickets.
“We are looking forward to launching in Spain and working with our new partners at Doctor Music to offer Spanish music fans an alternative, ethical method of purchasing concert tickets.”
Twickets has been building a social media presence in a number of European territories, including Germany and Italy, as it looks towards a full launch into mainland Europe.
Through the partnership with Doctor Music, Twickets Spain will initially focus on music events, with a view to expanding to theatre and sport in the near future. The launch is earmarked to take place before the end of the year.
Investor Sala said: “I have been looking forward to the day that a service like Twickets launches in Spain to put a stop to touts who profit from everyone else’s hard work and take fans’ hard earned money to see the artists they love and support. I am pleased to be partnering with Richard and his team and look forward to Twickets Spain launching soon.”
Share this