Digitick raises €8m to ensure its European development
Transaction led by Clipperton Finance, acting as Sole Manager.
Paris, October 8th, 2007 – Clipperton Finance, a leading European corporate finance boutique dedicated to the High Tech and Media industries, today announced the closing of an €8m capital raising for digitick, a leader in Internet and mobile phone electronic ticketing for concerts, festivals, museums and sports. Partech International, CM-CIC Capital Privé, CIC Finance and High Co Venture participated in the round and joined SFR Developpement. The additional funds will enable digitick to accelerate the development of its dematerialized ticket offering, support its marketing efforts and accelerate its European expansion.
Commenting on the transaction, Emmanuel Guyot, CEO of digitick, said “With its large international VC investor base, its strong knowledge of the technology industry as well as its commitment and reactivity, Clipperton Finance has been extremely valuable during the entire process of this capital increase. They are long term partners we will work again with”.
Thomas Neveux, Partner with Clipperton Finance added “digitick is definitively one of the most promising European companies in the dematerialisation space, bringing e-commerce to the next level: mobile ticketing. They created an impressive track-record in France in a short period of time and have outstanding perspective yet to come all around Europe. The capital increase reinforces digitick’s market position and will help foster its Sales and Marketing.”
Founded in 2004, digitick is the French leader in electronic ticketing for concerts, festivals, museums and sports. digitick’s service allows for the purchase of tickets on the internet and on mobile phones and on-site access control.
Digitick is one of the few services in the world offering a portfolio of dematerialized events throughout the year. In 2006, 5000 events were available to consumers. digitick covers the entire entertainment spectrum thanks to agreements with the majority of event organizers and cultural organizations in France. Commercialized directly on the web and the mobile, the service is also available as a grey label service via the digitick network, which includes : SFR Billetterie, Orange on the island of Réunion, La Cigale, Le théâtre de la place in Lièges. Based in Paris and Marseille, digitick has 30 employees. For more information, log on to www.digitick.com.
About Clipperton Finance
Clipperton Finance is a European corporate finance boutique dedicated to the High Tech and Media industries. Clipperton is focused on start-up and advanced companies in the Software, Telecom, Components and Media/Internet spaces, advising them in their financial transactions: fundraising/capital increases and Mergers & Acquisitions. Over the past years the company and its team have managed to structure numerous high level international transactions in the European High Tech sector.