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Tiqets investment to fuel major growth

Tiqets has raised more than €20m in funding to support the Dutch ticketing firm’s drive to develop its technology and grow exponentially.

This adds to the company’s previous investment of €15m in series B funding raised in May 2017 led by HPE Growth Capital.

The ticketing platform, which specialises in museums and attractions, has a presence in several markets including Philadelphia, Bangkok, London, Paris, Rome, Barcelona and Vienna.

Simon Breakwell, chairman of the board, said: “Tiqets’ growth is exceptional, we are incredibly product-driven and, as a result, we have been able to scale at capital-efficiency levels that are unparalleled in the industry. I have enormous respect for how the team continuously strives for innovation, with great insight into the market need.”

Tiqets has witnessed major growth in the last three years, despite having a tough beginning as a start-up. The firm had premium clients on board in just two months of launch, but they faced major issues with the product. According to a report by TheNextWeb, the customer experience suffered after and the Net Promoter Score (NPS) was falling.

However, through its new investment boost, Tiqets has developed its technology to meet the rising demand for last-minute tickets to museums and attractions.

As of August 2018, almost 500,000 people booked with Tiqets and the platform has reached seven million tickets distributed to date. Tiqets connects with over two thousand venues in 140 cities (bookable in 9 languages).

Image: Tiqets