Wellington-based technology company Dash Tickets has secured a significant capital investment from the founders of Australian entertainment powerhouse, Ministry of Sound Australia. The deal represents a significant milestone for Dash, as it plans expansion into Australia in early 2012.
“We’re extremely excited to be working with the team from Ministry of Sound. Their reputation in the entertainment industry is exceptional and a key part of our growth strategy was formalising our links in Australia,” said Dash Founder and CEO Nick Schembri.
Dash Tickets is a ticketing platform for event organisers and venues to manage event ticketing with a focus on customer experience and engagement. Over the past 2 years the company has sold 161,498 tickets for 769 events including the Christchurch Arts Festival, Sandwiches Venue, World Buskers Festival and Fabel Events.
Richard Mergler, Director of Ministry of Sound Australia commented, “Dash represents a great opportunity for us to expand our integrated approach to the entertainment industry as it now stands. We already have a successful mix of recordings, artist management, touring, events and music publishing, so event ticketing is a natural extension. We were very impressed with Dash and their underlying technology platform and we are looking forward to help take its evolution to the next step.”
The immediate focus of the Company will be to consolidate and strengthen its position in the New Zealand market, whilst developing its entry strategy for Australia in 2012. Simultaneously, the company will continue to develop its platform and services offering, including social media integration, account management and marketing add-ons.
A graduate of Creative HQ, Dash has greatly benefited from the structure, support and environment provided by the hi-tech business incubator over the past 2 years. . “Being a member of Creative HQ has provided a significant advantage to Dash, helping our team to build strong foundations for growth & investment” said Schembri.
Creative HQ CEO Steve O’Connor said, “Dash Tickets is one of the most dynamic startup ventures we have worked with, and this is a well-earned reward for the hard work they have put in. The company has grown fast in a tough market and overcome sizable challenges along the way. It’s hugely satisfying for Creative HQ to have worked with Nick to turn Dash into an award-winning business, and to see this partnership come together is a massive accolade and extremely promising for the company.”