Industry News

Tiqets totals more than $22m in investment funding

Dutch last-minute ticketing platform Tiqets has secured $17m (€15.2m/£13.1m) in an investment round led by HPE Growth Capital.

In a previous round of funding, Tiqets raised about $5.45m from Capital Mills, Investion and private investors.

Tiqets, which was founded in 2014, claims to be the fastest-growing tech company in the Netherlands and one of the fastest in Europe, according to data reviewed this spring by TNW and Adyen. 

The start-up provides last-minute tickets for museums, tours and activities through its online platform and mobile application, which is available in seven languages. It then presents customers with a scannable barcode for their reservations.

According to the Skift website, chief executive Luuc Elzinga said that simplifying his business to providing mobile ticketing to venues at popular locales was a key moment for the company.

Tiqets moved away from providing online travel agencies, airlines and other companies with tours and activities, essentially acting as a middleman in the early days, to working directly with providers themselves.

“It took a while to learn we needed to focus on building a great core product or otherwise be overwhelmed by the better-funded guys,” Elzinga said.

Tiqets tries to move operators using legacy ticket systems towards the use of mobile tickets.

The firm has focused its reach on the most popular tourism markets across Europe and North America, though it has a presence in 150 countries.