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Community

The Ticket Bank

Status: Active

Sep 28th 2020

The Ticket Bank (TTB) is an online ticketing marketplace that provides event tickets to disadvantaged and marginalised individuals free of charge. The company is powered by 'Tickets for Good'. It works with event organisers, charities, and community organisations to distribute otherwise unused event tickets to beneficiaries, creating unique life experiences that provide wide-ranging benefits to the health and wellbeing of its target audience. The platform already supports over 500+ charity partners who can choose tickets from over 50 venues/entertainment partners. The company introduced the 'Virtual Ticket Bank' and 'The Giving Back campaign' in the COVID-19 pandemic wherein it is sourcing thousands of tickets for National Health Service (NHS) and frontline care workers to express its gratitude for their services. They can use these tickets when the lockdown is over. The company will use the investment to create the integrations and data gathering tools to rapidly grow its channels, as well as, create additional value for both its charity and venue clients.

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The Ticket Bank Rating Review

Rated on 29/09/2020

Pitch Rated

45%

Insufficient Data

Management

73%

Product

62%

Investment

UNRATED*

* Section unrated owing to insufficient or incomplete information available at the time of rating.

Pitch rating powered by CROWDRATING

What the ratings mean

  • 49% and under
    We suggest potential investors carry out further study of their own
    50-64%
    Room for improvement
    65-79%
    Worth considering
    80%+
    Gold rating, our highest rating
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Management 73%

Skills 73%
The management team includes skilled professionals with expertise in their functional areas. The company's founder is a serial entrepreneur who is transforming events into life-changing experiences for people in need. He is helping events distribute spare tickets through a network of charitable partners. The founder is skilled in event management, social media marketing, public relation, copywriting, and research and development. The Head of Operations is passionate about social enterprise and the third sector, which has an increasingly larger part to play in today's society. She is skilled in community development, charities, volunteer management, fundraising and social entrepreneurship. The company is also supported by two co-founders who have skills to build the brand and increase brand awareness through communication, PR, B2B, digital and consumer marketing, public relations, marketing strategy and social media marketing. It was noted that they have not, as yet, appointed a dedicated finance head.

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Funding progress



  • £98,046
    pledged
  • 73%
    of goal

    £134,000
    target

    £899,951
    pre-money valuation

    15.45%
    equity available

    6
    investors

    £16,341
    pledge per investor

    12149865
    company number

    Active
    company status

    12/08/2019
    incorporated 1 years

    £0.01
    share price

    Equity Calculator
    Investment
    £
    Equity
    %
    Previous Funding rounds
    28 Sep 20 Envestors £98,046 / 73% 45.00%
  • Internet Business Awards Category Award Winner 2015
  • Hertfordshire Business Awards Finalist 2014

As seen in:

  • The Guardian
  • Financial Times
  • Yahoo! Finance
  • The Times
  • The Daily Telegraph