Dutch ticketing system Paylogic announced today that it secured round two funding of 3 million Euro ($4.2 million U.S.). The new funding will allow for expansion of the platform in Europe, beginning in Belgium and Germany, according to EU Ticket News.
Paylogic offers a hosted platform for event, venue, and promoter websites that allow fans to search and buy tickets. A fan interested in an upcoming concert, for example, could visit the band’s website and buy tickets through the Paylogic hosted platform. Once the tickets are purchased, the fan prints them, brings them to the concert and is scanned in like a normal ticket. The platform can also be placed on alternative channels, like a retail shop.
Paylogic has similar characteristics to popular event management platform Eventbrite which lets users create stand alone pages to promote events and ticket buying. Much like Paylogic’s offering, Eventbrite pages can also be embedded into websites. If you don’t have a website, Eventbrite may then be an easy choice as Paylogic doesn’t offer hosted websites.
The company appears to support a wide range of customers with different ticket needs, including sports, clubs, theater and dance.
Paylogic is one of two subsidiaries of Dutch Internet and eCommerce company, Accepté Holding. The round two funding was led by NoorderHuys Investments, which will take over the first round funding from Van den Ende & Deitmers and become a leading stakeholder.