News June 1, 2021

Future Classic, Alberts & Unified among new investors in Tixel

Future Classic, Alberts & Unified among new investors in Tixel

Australian ticketing marketplace Tixel has announced a $1.5 million capital raise from a number of independent businesses in the music and events sector.

The raise comes courtesy of Alberts, I OH YOU, Unified Music Group, Future Classic and Rose Avenue, along with investment from Galileo Ventures and Linktree’s Alex and Anthony Zaccaria.

Alberts’ CEO Dave Alberts will also join Tixel’s board of directors.

Tixel said the investment will be used to upscale its platform and expand its product suite as the live events industry continues to reopen around the country.

Discussing the capital raise today, Tixel co-founder and CEO Zac Leigh touched upon the impact of the pandemic upon the events sector over the course of last year, noting that the investment demonstrates a sense of positivity and reassurance among those in the industry.

“The entire music and live entertainment industry has suffered beyond measure this last year and our team is incredibly grateful to have been able to weather the storm,” Leigh said.

“We’re feeling optimistic about the steep uptick in demand we’re seeing on Tixel from fans wanting to see their favourite musicians, artists, comedians, and sports stars.

“Our investment partners share this optimism and know that a safe and honest place for fans to buy and to resell tickets is a critical need both today, as our plan-making remains fluid, and into the future.”

Leigh also thanked the independent businesses who contributed to the capital investment and expressed his confidence in the return of the events sector moving forward.

“We’re so humbled by the support we’ve received, especially from such wise and respected industry figures,” he added.

We truly believe it is an indication of renewed confidence in the live events industry and it’s our hope that the platform we’re building will continue to have a positive impact on the concerts and festivals space today, and for years to come.”

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