TicketCo raises NOK 13M for its event management solution, opens up a London subsidiary

Norway Investments 25 May 2017
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TicketCo, a Bergen, Norway-based company providing a consumer ticketing and event solution, announced raising NOK 13M ($1.6M) in fresh equity money.

The transaction was made at NOK 40M ($4.8M) pre-money valuation and the backers include a series a local private investors, such as Tripod Capital Collective, FFV, Herman Miele or Henrik Lie-Nielsen.

TicketCo, founded in 2013 by Kåre Bottolfsen, Carl-Erik Michalsen Moberg and Hogne Sandanger, has developed an online event platform for event organizers, with features such as white labelling, selling tickets and analytics.

The money will be used for further expanding the business and opening a subsidiary in London, UK, which will be done in close cooperation with the Swedish from IZettle.