TicketSwap raises $10 million to accelerate growth and expand in to new markets

15 June 2021 - Press release

Ethical ticket resale marketplace to add new features after their first funding ever.

Europe’s leading ethical ticket resale platform TicketSwap raises $10 million in funding, right
on time for the post-pandemic reopening of festivals, concert venues, stadiums and theatres.
The online platform allows users to safely and fairly buy and sell tickets. With their first-ever
capital from Amsterdam-based venture builder Million Monkeys, TicketSwap is ready as live
entertainment opens up around the world.

Buying and selling tickets
TicketSwap is an online platform where users can sell their tickets for concerts, festivals, sports
events and theatres. A cap on the sales price and verification of the sellers protects buyers from
exorbitant prices and fake tickets. It ensures that every ticket finds a buyer that can attend the
event and that fans have more chances to join their favourite event.

After over a year of lockdowns and anti-COVID measures, TicketSwap now notices a surge in
interest for their platform. "We are delighted with our first funding in the existence of TicketSwap",
says Hans Ober, founder and CEO of TicketSwap.

Accelerating growth
"Instead of having to take a step back due to COVID, we can now accelerate our growth. We are
expanding to new markets and improving the quality of our service. Million Monkeys has a lot of
experience in building marketplaces like ours."

New countries, new features
The growth capital offers TicketSwap the opportunity to expand its business to new countries
while reinforcing its presence in existing markets. It has collaborations for the resale of tickets
with over 6,000 events worldwide, including DGTL, Sziget and Hellfest.

It also allows TicketSwap to develop new features faster. For example, TicketSwap is working on
new ways to handle scarce tickets for high demand events. They have been trialling a raffle
technology that would allow more people to have a chance to enter and an increased chance to
get a ticket.

More than a marketplace
TicketSwap will offer its users more opportunities to discover new events, stay up-to-date about
ticket sales and information, and alerts when tickets become available. Behind the scenes,
TicketSwap is building technology to understand their fans’ needs better, allowing them to
recommend personalised events. "We want TicketSwap to become more than a marketplace for
tickets'', says Ober. "It will be a part of the anticipation for an event or day trip. TicketSwap will
develop into an app that people like to use regularly to discover new artists and shows, not just
when they are looking to buy tickets.”