As the ticket touting saga trundles on with revelations of Take That and Phil Collins comeback shows causing a StubHub sensation, Twickets, the face-value ticket resale platform, is to undertake a fundraising campaign to enable the business to build and expand internationally.
Twickets, one of the many touted solutions to the problem of scalping is already the prefered choice of such artists as Adele, Mumford and Sons and One Direction.
In the UK Twickets has seen nearly half a million users either download the app, sign up to its web site or follow on social media since it launched.
Twickets’ founding board of investors consists of Tony Wadsworth CBE, Harry Magee and Richard Griffiths (Modest! Management), Ian McAndrew (Wildlife Entertainment), Steve Parish(Co-owner, Crystal Palace FC), as well as Chrysalis Records Co-founder Chris Wright CBE who will lead the private investment round, while other original backers and further significant investors will be announced soon.
Wright said: “Online ticket touting is damaging to the industry and deeply affects loyal groups of fans who are ripped-off and left empty handed. In the last eighteen months, Twickets has been steadfastly innovating across the business to make face value resale a convenient solution for fans, so I’m very happy for the opportunity to reinvest”.
Twickets CEO Richard Davies added: “With significant support from the entertainment industry and our loyal followers, we will continue to grow and develop the platform, making it easier and more efficient for fans to resell tickets. We have been extremely encouraged by the level of interest that we’ve received from industry for this round so far, and now look forward to opening up the opportunity to our own community”.
With the funding round currently held in private mode, potential investors should direct all enquiries to Richard Davies at Richard@twickets.co.uk.
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