Tix Africa, a Nigerian self-service ticketing start-up, has raised a six-figure investment through a pre-seed funding round.
The funding round was led by HoaQ, a group of angel investors who focus on African start-ups. A number of private equity investors also participated.
A beta version of the Tix Africa platform launched in March 2019 after the founders – Folayemi Agusto and Nosa Oregun – had organised the Eat Drink Lagos Food Festival since 2015.
Tix Africa initially focused on live events in Lagos, which has nearly 15 million inhabitants and is the second largest city in Africa. However, the new funding will allow the company to press ahead with plans to roll out its platform across the continent, Agusto said in a blog post.
The news of the funding round has coincided with the launch of Tix Africa’s new tix pro platform.
“This release will ultimately enhance our capabilities of supporting different types of events,” Agusto said. “It will improve our users’ experiences and, most importantly, give them more flexibility for selling tickets online.
“Due to the COVID-19 pandemic, in the past year, we have focused mainly on developing our technology for collecting registrations and selling tickets, as in-person events were essentially on pause for most of 2020. This new funding will allow us to continue working on tix pro and developing our core technologies – ticketing, access, and cashless.”
Image: Ade Marquis – CC 4.0 (edited for size)
Share this