vivenu Secures €12.6 Million Series A Financing to Empower Ticket Sellers WorldwideDec 1, 2020
Düsseldorf, Northrhine-Westfalia (Germany), December 1st, 2020
vivenu, the API-first and fully-featured ticketing platform, today announced it has closed €12.6 million in Series A funding. Balderton Capital leads the round, with previous investor Redalpine also doubling down. vivenu aims to make sophisticated live event and venue ticketing effortless by providing full control to ticket sellers. Daniel Waterhouse, Partner at Balderton, will join vivenu’s Board of Directors.
Thousands of sellers around the globe currently rely on ticketing solutions that haven’t kept up with their needs and expectations. vivenu provides venues and event owners with access to full-featured ticketing through its self-empowering unified platform. Its out-of-the-box experience gives ticket managers full real-time dynamic control over all aspects of selling tickets including configuring prices and seating plans, leveraging customer data and insights and mastering a branded look and feel across their sales channels. vivenu’s highly scalable tech platform with exposed APIs, enables builders to facilitate even the most demanding custom use cases for the largest international ticket sellers.
Since its Seed funding in March, the company has sold over 2 million tickets and is trusted by a large variety of ticket sellers such as leading sports clubs, venues, amusement parks, fairs and festivals. vivenu’s remarkable growth illustrates that its approach has struck a chord validating the importance of putting venue and event owners in charge of their own ticketing experience.
The new investment will provide vivenu with resources to scale innovation, foster product development, expand into new markets and accelerate growth to meet customer demand.
"We created vivenu to address the need of ticket sellers for a user-centric ticketing platform,” said Simon Hennes, CEO and co-founder of vivenu. “Event organizers were stuck with solutions that heavily depend on manual processes, causing high costs, dependencies, and frustration on various levels. We refuse to accept the status quo and are building a unified platform to free ticket sellers from tedious workflows and to become the full owner of their ticketing experience and data. Especially over the past year, the transformation of the industry was accelerated with sellers striving for better ways to sell tickets.”
“vivenu has built a sophisticated product and set of APIs that gives event organisers full control of their ticketing operations, bringing control of administration, promotions, branding and ticket types into the hands of the organiser and away from legacy incumbents whose rigid offerings are no longer fit for purpose. Simon, Simon, and Jens have achieved strong early success and have been nimble and quick to react in the face of a challenging year, offering technology to help event organisers to remain compliant with local regulations. With limited time and resources, they have built a category-leading product and we couldn’t be more excited to join them on their journey towards global market leadership.”, says Daniel Waterhouse, Partner at Balderton.
vivenu is also the first European investment of Aurum Fund LLC, the fund associated with the San Francisco 49ers. Also investing in the round are notable Angels including Sascha Konietzke (Founder @ Contentful), Chris Schagen (former CMO @ Contentful), Sujay Tyle (Founder @ Frontier Car Group) and Tiny VC.
In March 2020, vivenu secured €1.4 million in seed funding, bringing its total funding to €14 million. Previous investors include early-stage venture capital investor Redalpine, GE32 Capital and Hansel LLC (associated with the founders of Loft).
vivenu is the future for ticketing users. Created to support the hundreds of thousands of event organisers and venues around the globe that have to rely on ticketing solutions which haven’t kept up with their needs and expectations, vivenu is the limitless solution to enable effortless and self-empowered ticketing. The startup is currently headquartered in Düsseldorf. Apply to support vivenu’s challenge to become the global ticketing backbone at vivenu.com.
Balderton Capital is a London-based venture firm focused exclusively on backing the best European-founded technology companies. In the two decades since its founding, Balderton has worked with hundreds of extraordinary European founders, and has raised eight funds totalling more than $3bn. Previous exited investments and current portfolio companies include THG (FTSE: THG), Betfair (FTSE: BET), Revolut, Darktrace, Contentful, Frontier Car Group (OLX Group), Talend (NASDAQ: TLND,) and Yoox Net-a-Porter (BIT: YNAP).
Redalpine Venture Partners is a leading European early-stage venture capital investor with over $500m AuM and a sector-agnostic investment strategy. Redalpine’s diverse team supports its 60+ portfolio companies not only with a financial investment but also its in-house operational and subject matter expertise and extensive international network. Redalpine’s ambition is to help talented entrepreneurs turn their visions into reality and scale their businesses into international success stories.