Ticketbis, a Madrid, Spain-based online platform to buy and sell tickets, raised €5.2m in funding.
The round was led by Active Venture Partners, which has invested in Ticketbis through Amerigo Innvierte Spain Ventures FCR.
The company, which has now raised more than €10m, intends to use the funds to strengthen its position in the 31 markets in which it operates.
Established in 2009, by Ander Michelena and Jon Uriarte, CEO, Ticketbis operates an online platform for the purchase and sale of tickets for all sorts of entertainment events. After launching in Spain, the company started its internationalisation first in Europe and Latin America, before moving into the USA and Russia and then developing into Asia and Oceania in 2014.
Ticketbis closed the first half of 2014 with a turnover of €29 million, which is more than that achieved in the whole of 2013. It currently has 300 employees, 31 portals and 14 offices.