Growth Fund invests several million Euros in Danish event-tech startup Billetto

By Henry Joseph-Grant Dad. #Irish. I build & scale commercial teams. Operator @JustEatPLC (Startup to $2.4Bn IPO) Journalist @Irish_TechNews Mentor @Seedcamp Founder @PeaceTechNI

The Danish online platform Billetto that allows event organisers to easily sell and manage tickets, with customers in 11 European countries. Now the company’s largest investor, Vaekstfonden has invested further capital in Billetto who are ready to execute the business strategy that will lead to further expansion.
Growth Fund’s department for direct investments, VF Venture, has just invested tens of millions in Danish Billetto as they prepare to scale further.

Billetto, founded in 2009, by Patrick Borre, Anders Fink and Henrik Teisbæk, has developed a self-service platform that enables event organisers light and supple to sell tickets for events. The platform works for events of different types and sizes, ranging from concerts and major sporting events to pop-up restaurants and cultural events.

The company today services more than 30,000 event organisers, across Denmark, England, Ireland, Sweden, Norway, Germany, France, Italy, Spain, Finland and the Netherlands. In 2016 Billetto also signed contracts with a number of major Danish event providers, including Brondby, Basketball league, Danish Architecture Centre and Sønderjyske football, ice hockey and handball.

Jakob Fuhr Hansen, partner in Growth Fund’s department for direct investments, VF Venture, is pleased with the success in Billetto and looks forward to seeing Billetto using the recent investment to scale further, he had the following comments…

“Billetto has already shown good results and include managed to expand the business considerably beyond Denmark’s borders. There is a clear potential of the company and market demands, the online self-service solutions are emerging. Additionally’s company assembled a competent team with extensive experience in areas such Internet commerce and ease of use, which we believe can lift Billetto further”

“The objective is to Billetto in the coming years will prove not only to be a contender in the industry, but also in the long term to be the preferred solution for customers. With the additional capital it is possible to execute the ambitious strategy, which management has agreed with the Board and investors, and I look forward to following the next part of the journey for Billetto”

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