Hellotickets, the global ticketing platform created by and for travelers, takes a step further in securing a €2m investment round. “Our aims of evolving continues, turning from a humble live event ticketing platform to a platform with worldwide coverage, in both travel activities and experiences markets”, explain from the enterprise.
This expansion towards new countries and inventory will be made possible by US funds, as well as, Spanish funds. The new investment round is led by Pillar VC, a Boston-based investment fund known for participants such as Stephen Kaufer, founder and CEO of TripAdvisor. Faraday Ventures, Lánzame, Successful Ventures, and Tackle Capital will also be joining forces, as well as specific business angels involved in the project from the beginning, such as LCD Soundsystem’s lead vocalist James Murphy, and Sony Music London’s managing director.
This round is the next milestone in a path that started with the first investment round of €1m back in April 2018, led by Pillar VC with the support of 21 digital company managers. In 2020, Hellotickets expects to exceed a turnover of €10m, the same year it is also expected to reach profitability. The company currently has 25 employees with headquarters based in Madrid.
Until a month ago, the Hellotickets inventory was primarily focused on events and activities in the United States, catered towards travelers visiting the US. The signing of this new round opened our road to expansion: a new website and the expansion of our inventory (5,000 activities in more than 30 destinations), each individually selected and curated, with a willingness to compete with the big players of this lucrative market.