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Kempen & Co is pleased to announce it acted as sole financial adviser to TicketSwap and its founders in obtaining bridge financing

Transaction highlights

  • TicketSwap, one of Europe’s leading live experience platforms that enables seamless (secondary) ticket selling, has obtained bridge financing in context of the COVID-19 pandemic
  • The funding enables TicketSwap to continue with the execution of their product roadmap and partnership strategy during the COVID-19 induced hibernation of the live events market. This will further position TicketSwap as one of the long-term winners in the market, accelerate its growth and capture market share as soon as the market reopens
  • Kempen & Co acted as sole financial adviser to TicketSwap and its founders in obtaining bridge financing and provided valuable support in attracting and evaluating different funding options and negotiating the best terms & conditions
  • The transaction is further testament to Kempen & Co’s expertise in FinTech and Technology in general. Recently, the team also advised on a.o. the acquisition of EuroCCP by Cboe Global Markets (leading capital markets infrastructure and technology companies), the sale and capital increase of TerraPay (global B2B payments infrastructure provider) and the Series C capital increase of dacadoo (global InsurTech & HealthTech company).

 

About TicketSwap

  • TicketSwap is a live experiences platform connecting fans of live events as well as event organisers and primary ticket sellers (i.e. TicketSwap partners) to enable seamless (secondary) ticket selling (i.e. online marketplace)
  • The platform solves key industry-wide problems such as steep prices & unfair sales tactics, hidden fees, ticketing fraud (nearly 0% fraud via TicketSwap) and poor customer service
  • Trusted by more than 5 million fans / platform users and partner of many renowned event organisers & primary ticket sellers
  • Active in more than 20 countries. Market leader in the Benelux and Hungary, well-established and fast growing in other European countries (e.g. France, UK and Spain) and setting up new markets outside of Europe (e.g. Australia and Brazil)
  • Established in 2012. Bootstrapped company, still owned by the founders

 

Read the original article here

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