vivenu founders Jens Teichert, Simon Hennes, Simon Weber
In March this year, at the onset of the Corona crisis, we signed a €1.45m Seed funding round for vivenu (Redalpine Capital IV), a next-generation, API-first event ticketing platform. Like everybody else, we were expecting a massive impact and severe slow-down in the event industry. At best, an opportunity to capture industry talent and some market share, in preparation for the rebound of the event sector. However, vivenu’s founding team, Jens and 2x Simon, and the product they had built were just too good to pass on, with the potential to reshape an entire industry.
Now, only 8 months after our Seed financing, vivenu has closed a $15m Series A, led by Balderton Capital. 5x Super Bowl winners San Francisco 49ers, also participated in the round with their first European investment ever, representing the strong interest in vivenu’s offering across the sports vertical. We at Redalpine were delighted to increase our commitment in this round.
The funding round comes on the back of more than 10x growth over the past half year, as COVID-19 had event organizers look for superior, flexible and cost-efficient ticketing and booking solutions. Since the Seed funding in March, over 2 million tickets have been sold by vivenu’s customers, which include leading sports clubs, venues, theaters, conferences, amusement parks, fairs and festivals.
"We created vivenu to address the need of power users for a user-centric ticketing platform,” said Simon Hennes, CEO and co-founder of vivenu. "Our remarkable growth illustrates that we've struck a chord that validates the importance of self-empowerment in the ticketing industry. We refuse to accept the status quo and are building a unified platform to free ticket sellers from tedious workflows and to become the full owner of their ticketing experience and data.”
vivenu provides a unified platform to manage, market and analyze ticket sales effortlessly. Revolutionary features, like real-time seating maps or organizer-controlled secondary ticket markets, allow for even the most complex use cases across all kinds of events. Today, hundreds of thousands of event organizers around the globe are stuck with solutions that heavily depend on manual processes, causing high costs, dependencies, and frustration on various levels. The Dusseldorf based startup aims to make sophisticated ticketing effortless again and gives ticket sellers full control of all processes.
The investment will be used to advance product development, expand into new markets and grow the team to meet customer demand.
For more information, visit vivenu’s website and Techcrunche’s article.