SUNNY SIDE UP Inc. (SSU) has agreed to form a strategic capital and business alliance with Peatix Inc. (Peatix), a global online ticketing platform, to have a stronger partnership.
In March 2015, Peatix received a US$5 Million investment from strategic investor SPH Media Fund, the corporate venture fund of Singapore Press Holdings Ltd.; lead investor DG Incubation, the investment subsidiary of Digital Garage; and others. Existing investors from the Series A round, Fidelity Growth Partners Japan and Draper Nexus, also participated in the round. The funding will help Peatix enhance their mobile and event discovery technology, improve the way sponsors reach out to event attendees, and expand and establish a local presence in new markets. SSU, as one of the investors, reached an agreement with Peatix to enter into a capital and business alliance.
By forming capital and business alliances with startup companies in the startup or early stages, like this one, delivering such SSU’s expertise as public relations and marketing solutions, and increasing business valuation of the entities SSU invests in, SSU will boost a medium and long-term growth with a focus on marketing communications, SSU’s core business.
Peatix is a global event registration platform that provides event organizers with powerful tools to create, promote, manage and sell out events of all sizes. Peatix’s innovative, mobile-centric solution for event management has served over 50,000 events since its inception in May 2011. From concerts to conferences, and everything in between, Peatix empowers organizers while enriching the event experience for attendees through social interactions and event discovery in its mobile applications (iPhone, Android) and mobile website. And thanks to the lowest ticketing fees available, and fully customizable event pages, event organizers can promote, sell tickets, and manage their events with considerable ease.
Peatix launched in 2011 in Japan, and expanded into the United States and Singapore in 2013. The company’s investors include Fidelity Growth Partners Japan, 500 Startups, Digital Garage, Draper Nexus Ventures, Itochu Technology Ventures, Sunbridge Partners, and ZenShin Capital.
– Press release by Peatix –
Ticketing Platform Peatix Announces $5 Million in Series B Funding to Fuel Growth and Innovation Investment round led by Digital Garage, includes SPH Media Fund and SUNNY SIDE UP Inc.