Tix.Africa Secures a Six-Figure Pre-Seed Funding

Tix.Africa, a ticketing platform for event creators in Nigeria, has managed to secure six-figure pre-seed funding. The funding round being lead by HoaQ along with a number of private equity investors.

This new capital will be used to expand Tix Africa’s development team, as they revamp its organiser mobile app, along with the development of additional products, and launching Tix Pro – a premium subscription-based version of Tix. The company also aims to scale operations in Kenya, Ghana, Uganda, and Egypt.

“Nigeria has some of the best events you can attend – no one does private gatherings or public events and festivals like us. We want to continue providing the best tech-enabled solution for event organisers and attendees so that each event is a seamless, accessible experience from the moment tickets are booked, right through to arriving and gaining entry to the actual event. The new capital will enable us to scale quicker and to integrate the currently separate products and services we offer, including an app offering event attendees a marketplace where they can buy, trade and resell tickets securely. We’re really excited to expand our platform to other markets across the continent, potentially enabling users to attend events they may otherwise not have known about.”

Folayemi Agusto, Chief Executive Officer, Tix.Africa

With the ease of lockdown restrictions, Tix.Africa has been working with Zoom to offer virtual events. The company saw revenue growth of 90% year-on-year in H1 2021 as the team is developing Tix Africa’s native virtual meeting space.

“We are delighted to back a truly enterprising and innovative team. Folayemi and Nosa deeply understand this space and have built Tix.Africa to cater for the markets they will be serving. We are confident that their vision to adapt their offering and expand their tech team and product offerings will fuel their continued growth and development in the coming years.”

Joe Kinvi, Managing Partner, HoaQ