Bandwagon
About this raise
Bandwagon is here to make sure you never buy fake tickets ever again. Right now, fans lose $2.3B annually in fake ticket sales. Bandwagon’s proprietary blockchain technology puts a stop to that; it eliminates ticket fraud while increasing fan engagement. So far, they’ve processed over 1.1M tickets, and investors include Mellie Price, Orlando Jones, and Dr. Carri Allen Jones. Plus, Bandwagon is an IBM Global Entrepreneurship Program member, and they won 4th place (out of over 200 applicants) in the Global Smart Dubai Office Blockchain Challenge.
Investment Overview
Invested : $146,548
Deal Terms
Total Commitments
- Platform
- Republic
- Start Date
- 08/17/2018
- Close Date
- 12/31/2018
$25,000
$1,070,000
$100
SAFE
Early Stage
RegCF
$10,000,000
20%
Company & Team
Company
- Year Founded
- 2015
- Industry
- Business Services, Software, & Applications
- Tech Sector
- Distribution Model
- B2B
- Margin
- Capital Intensity
- Location
- Greenville, South Carolina
- Company Website
-
Visit Website
Team
- Employees
- 5
Financials
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 12/31/2018 | Republic | $10,000,000 | $146,548 | SAFE | Funded | RegCF |
Founder Interview
Founder Profile: This Founder Never Wants You To Buy A Fake Ticket Again
Have you ever bought tickets from a scalper or stubhub only to get to the gate and be told you aren’t allowed in? There are few feelings that leave you feeling queasy and unsettled.
Live sports events are supposed to be fun but can be ruined by the $2.3B in fake tickets sold every year. On the other side of the equation, it is pretty wild to consider that despite all of the ads in a stadium, teams rarely have a good handle on who the heck is actually attending their games.
Perhaps blockchain technology can help bring transparency to who is attending games while forever ridding the ticket markets of fakes! That is a world I think we would all like to live in. Harold Hughes and his team at Bandwagon are out to solve this very issue.
Check out more about the blockchain-enabled company below.