Verve, a London, UK-based provider of a word-of-mouth sales software for live entertainment, raised $18.5m in funding.
The round was led by Draper Esprit, with participation from previous investors Kindred, Frontline Ventures, and Backed.
The company, which has raised $28.5m to date, will use the capital to continue its global expansion within the live entertainment sector, as well as enter new markets.
Co-founded by Callum and Liam Negus-Fancey, Verve is building a global platform that enables people to sell products to their friends in exchange for rewards.
Over the last 12 months, the company has grown from 170 to 450 clients, selling more than 500,000 tickets globally and securing major partnerships with ticketing companies around the world.
Clients include Live Nation, AEG, C3, Bonnaroo, React Presents, Bestival, Digital Dreams, Electric Zoo and more.
FinSMEs
16/10/2017