Dubbed the ‘Uber of events’, TickX pulls over 70,000 events from over 30 ticket sellers. The app compares gig, theatre, sports, club night, comedy and festival ticket prices on one site and smartphone app.
“If someone’s thinking of a ticket seller we want them to think TickX. We want to be the one-stop shop for event goers,” TickX cofounder Steve Pearce tells Techworld.
In the last 12 months operations have gone from strength to strength for founders Sam Coley and Steve Pearce, with TickX.co.uk reaching 100,000 monthly active users and its revenues growing 40 percent month on month. Not to mention appearing on BBC’s Dragon’s Den.
After interviewing cofounder Steve Pearce this time last year, Techworld caught up with Pearce again to discuss what’s happened over the last 12 months.
See also: Meet TickX: the ticket comparison startup using Skyscanner’s winning formula.
“We’ve worked hard and have grown the team. We’ve brought Tim Chambers, one of the world’s most connected guys in terms of ticketing on to our board as a non-executive director,” explains Pearce.
“Then we just focused on really growing the traffic to our website, going from zero to 100,000 monthly active users. It was this growth and our progress to date that enabled us to attract a much larger £750,000 investment,” adds Pearce.
Both Coley and Pearce appeared on Dragon’s Den at the start of 2017, when TickX was hailed “the Uber of events” by multi-millionaire Peter Jones. The startup received three offers of investment: a joint offer of £75,000 from Peter Jones and Nick Jenkins for 20 percent equity, and one from Touker Suleyman for 15 percent equity.
But to the surprise of the Dragons, the pair rejected all offers.
“We actually filmed Dragon’s Den in May [2016] and when we said no to the Dragons we were looking for investment that that point. And then we managed to finalise that round of investment in November [2016],” says Pearce.
“We were pleased…