SPH Media Fund invests in Peatix’s $5 million Series B round

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Image from Peatix Corporate Blog
Image from Peatix Corporate Blog

Peatix, a global ticketing platform, has raised a $5 million Series B round led by DG Incubation, with participation from the SPH Media Fund and Sunny Side Up, a Japanese media firm.

Existing investors from Peatix’s Series A round, Fidelity Growth Partners Japan and Draper Nexus, also increased their existed investments.

Serving as a mobile-focused ticketing solution for event organisers like TEDx, Amazon Web Services and various independent organisers, whether individual or corporate, Peatix has expanded across North American and the Asia-Pacific since its launch in 2011, with offices in Singapore, Tokyo, New York and Kuala Lumpur.

Also Read: How funding rounds differ: Seed, Series A, Series B, and C

The capital from this round will be invested in product development, with Peatix enhancing its mobile and event discovery offerings, as well as improving sponsor outreach to to event attendees and expansion into new markets. According to data from Crunchbase, this latest Series B round brings the total funding received by Peatix at $9.6 million. This is over two seed rounds, a series A and a series B round, with 17 different investors involved.

According to Singaporean tech blog e27, CEO and co-founder of Peatix, Taku Harada, stated: “The funding will have a large impact on our growth plans, as we can now invest in more product features, particularly in mobile event discovery. Also, we anticipate increased media coverage of the various events on Peatix through our media and investment partners SPH and Sunny Side Up.”

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