Fatsoma Ltd, a Manchester, UK-based online ticketing platform, secured an equity investment of undisclosed amount.
Backers included The North West Fund for Digital & Creative, managed by AXM Venture Capital, and Chris Allen, new chairman and LateRooms co-founder, who made a personal investment.
The company intends to use the funds to further accelerate its international expansion and add more features and functionality to its platform.
Founded in 2006 by Ben Taylor, Paul Stacey and Chris Pearson with a small bank loan, Fatsoma operates an event ticketing platform, which uses social media to sell tickets for event promoters, venue owners and festival organisers. Used by 6,000 businesses across the UK, Fatsoma has more than 750,000 members, including 50,000 reps who actively sell tickets for venues and promoters through online channels such as Facebook and Twitter.
The company, which has 20 full-time staff in its Manchester office, already expanded its operations to Canada, Australia, the US, South Africa and Hong Kong. It is targeting revenues of £7.5m in 2013.
Fatsoma is hiring (read here).