TicketCo secured NOk 53M.

Norway Sweden Investments 01 December 2019
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TicketCo, a Bergen, Norway-based company providing a SAAS event management tool, completed a NOk 53M ($5.9M) capital investment round.

The funding was backed by investors led by Vidici Ventures and including Stavanger investor Kristoffer Stensrud.

Following the share issue, the four largest shareholders (the company's three founders - Bottolfsen, Carl-Erik Moberg and Hogne Sandanger - and Amedia) hold a total of about 50 percent of the shares. Following the share issue, the company is priced at NOK 240 million, and the new investors are 22 per cent in total.

TicketCo, founded in 2013 by CEO 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 company expects sales of NOK 47 million in 2020.

Prior to this round the company raised almost $2M.