{"id":93777,"date":"2021-05-18T09:01:00","date_gmt":"2021-05-17T23:01:00","guid":{"rendered":"https:\/\/www.fnarena.com\/index.php\/2021\/05\/18\/ticketing-as-a-service-software-provider-red61-closes-a-late-seed-investment-round-signs-key-new-clients-plans-for-further-growth-with-a-series-a-round\/"},"modified":"2021-05-18T09:01:00","modified_gmt":"2021-05-17T23:01:00","slug":"ticketing-as-a-service-software-provider-red61-closes-a-late-seed-investment-round-signs-key-new-clients-plans-for-further-growth-with-a-series-a-round","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2021\/05\/18\/ticketing-as-a-service-software-provider-red61-closes-a-late-seed-investment-round-signs-key-new-clients-plans-for-further-growth-with-a-series-a-round\/","title":{"rendered":"Ticketing-as-a-Service software provider Red61 closes a late seed investment round, signs key new clients &amp; plans for further growth with a Series A round"},"content":{"rendered":"<table border=\"0\" cellspacing=\"10\" cellpadding=\"5\" align=\"right\">\n<tbody>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mma.prnasia.com\/media2\/1511649\/Red61_Logo.jpg?p=medium600\" border=\"0\" alt=\"\" title=\"logo\" hspace=\"0\" vspace=\"0\" width=\"118\" \/><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span class=\"xn-location\">EDINBURGH, Scotland<\/span>, May 18, 2021 \/PRNewswire\/ &#8212; Red61, the <span class=\"xn-location\">Edinburgh<\/span> based Ticketing-as-a-Service provider has secured a &#163;1.4m funding package from Scottish investors. <\/p>\n<p>The company provides robust and scalable ticketing, CRM and audience insight solutions to some of the world&#8217;s largest and most dynamic live entertainment brands including the Edinburgh Festival Fringe, which is the largest arts festival in the world with 3 million visitors annually.&#160; <\/p>\n<p>As the industry re-emerges from the difficulties of 2020, Red61 continues its growth around the world, especially in the <span class=\"xn-location\">Asia\/Pacific<\/span> region where the Red61 platform has processed 1 million tickets in the first quarter of 2021.<\/p>\n<p>In addition, the company has recently signed a number of exciting new clients:<\/p>\n<ul type=\"disc\">\n<li>Venues &#038; Councils around the globe:<br \/>a.&#160; St Lawrence Parkway Commission (<span class=\"xn-location\">Canada<\/span>)<br \/>b.&#160; <span class=\"xn-location\">City of Moncton<\/span> (<span class=\"xn-location\">Canada<\/span>)<br \/>c.&#160; Country Arts SA (<span class=\"xn-location\">Australia<\/span>)<br \/>d.&#160; The West Gippsland Arts Centre (<span class=\"xn-location\">Australia<\/span>). <\/li>\n<li>Fringe festivals:<br \/>a.&#160; <span class=\"xn-location\">Sydney, Australia<\/span><br \/>b.&#160; <span class=\"xn-location\">Vancouver, Canada<\/span><br \/>c.&#160; <span class=\"xn-location\">Calgary, Canada<\/span><br \/>d.&#160; <span class=\"xn-location\">Hamilton<\/span>, <span class=\"xn-location\">Canada<\/span><br \/>e.&#160; Montreal Fringe, <span class=\"xn-location\">Canada<\/span>\/Mainline Theatre, <span class=\"xn-location\">Canada<\/span> (which uses Red61&#8217;s new multilingual solution).<\/li>\n<\/ul>\n<p><b>In reaction to these latest developments, Red61 CEO and founder <span class=\"xn-person\">Tony Davey<\/span> has commented:<\/b><\/p>\n<p>&#034;Securing any funding during a pandemic that has had a huge effect on our industry was always going to be a challenge. Completing this late seed funding round is validation of what the team at Red61 has achieved and shows the confidence that our funding partners have in what we&#8217;re doing and where we&#8217;re taking the company.&#034; <\/p>\n<p>The late seed funding round was led by venture capitalists Par Equity in partnership with the Scottish Investment Bank. <\/p>\n<p><b><span class=\"xn-person\">Paul Atkinson<\/span>, founding partner of Par Equity said: <\/b><\/p>\n<p>&#034;We are excited about the momentum that Tony and his team have continued to push forward in 2021 and we&#8217;ve been impressed with Red61&#8217;s growth in new markets. The way in which Red61 has navigated an incredibly challenging period and has moved from strength to strength is a true testament to their ongoing potential.&#034; <\/p>\n<p>The latest investment is a key step in the company&#8217;s overall growth strategy and is an encouraging precursor to Red61&#8217;s planned Series A round. Red61 has retained <i><a target=\"_blank\" href=\"https:\/\/lazarusconsulting.net\/\" rel=\"nofollow\">Lazarus Consulting<\/a><\/i>, the boutique corporate finance advisory firm to handle its Series A funding round and investor interest has already been received.<\/p>\n<p><b><u>Notes to Editors: <\/u><\/b><\/p>\n<p><b>About Red61:<\/b><\/p>\n<p>Red61 is an <span class=\"xn-location\">Edinburgh<\/span> based ticketing-as-a-service provider which provides robust and scalable ticketing, CRM and audience insight solutions to some of the world&#8217;s largest and most dynamic live entertainment brands including the Edinburgh Festival Fringe, which is the largest arts festival in the world with 3 million visitors annually. <\/p>\n<p>The company is focused on accelerated time to market delivery; development of their exciting product vision and continued support of ongoing global client acquisitions. Please visit <a target=\"_blank\" href=\"http:\/\/www.red61.com\/\" rel=\"nofollow\">www.red61.com<\/a> for further information.<\/p>\n<p><b>About Par Equity:<\/b><\/p>\n<p>Par Equity is a leading, early-stage venture capital firm, investing in innovative, high growth technology companies. Based in <span class=\"xn-location\">Edinburgh<\/span>, Par Equity focuses on the very best opportunities in the North of the UK and has backed more than 60 companies across <span class=\"xn-location\">Northern Ireland<\/span>, <span class=\"xn-location\">Northern England<\/span> and <span class=\"xn-location\">Scotland<\/span>.<\/p>\n<p>Par&#8217;s investment activities are supported by the Scottish Investment Bank, of which Par is a tier 1 co-investment partner, and the British Business Bank, through its commercial subsidiary British Business Investments, launching a &#163;75m investment programme in 2020 to develop high growth technology companies across the North of the UK.<\/p>\n<p>Par Equity won the &#034;Highly Commended&#034; runner up award for Best EIS Manager of the Year at the EIS Association Awards 2020, as well as winning a hat-trick of awards recognising the firm&#8217;s exit from online educator ICS Learn \u2013 &#8216;Best EIS Investment Exit&#8217; at the EIS Association Awards 2019, &#8216;Exit of the Year&#8217; at the Growth Investor Awards 2018 and &#8216;Best Exit of the Year&#8217; at Investment Week&#8217;s Tax Efficiency Awards 2018. The firm was also a finalist for the Best EIS Investment Manager award at the 2019 Growth Investor Awards.<\/p>\n<p>Logo &#8211; <a target=\"_blank\" href=\"https:\/\/mma.prnasia.com\/media2\/1511649\/Red61_Logo.jpg?p=medium600\" rel=\"nofollow\">https:\/\/mma.prnasia.com\/media2\/1511649\/Red61_Logo.jpg?p=medium600<\/a> <\/p>\n<p>&#160;<\/p>\n<p>Related Links :<\/p>\n<p>https:\/\/www.red61.com\/<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EDINBURGH, Scotland, May 18, 2021 \/PRNewswire\/ &#8212; Red61, the Edinburgh based Ticketing-as-a-Service provider has secured a &#163;1.4m funding package from&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[105],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/93777"}],"collection":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=93777"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/93777\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=93777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=93777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=93777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}