Two reseller bosses have between them ploughed nearly half a million pounds into a website for buying and selling tickets.
Scott Fletcher (pictured), founder of ANS Group, this week invested £260,000 in Vibe, a website designed for people to sell spare tickets to events at face value, as part of a crowdfunding campaign.
He joins current investor Matt Newing, founder and CEO of Elite Telecom, who was Vibe's first investor and has paid in £200,000 to date.
Founded in 2013 by 23-year-old Luke Massie, Lancashire-based Vibe recently launched a crowdfunding campaign for £600,000. In its first 24 hours the campaign raised £310,000. The campaign has been running for nine days and the current total raised is £322,380.
Vibe's raison d'etre is to "solve the problem of tickets being sold at large mark-ups on the secondary ticket market, while also helping our fans to meet likeminded friends at their favourite events".
In a statement on its website, Vibe said: "We are extremely happy to welcome Scott onboard! Scott has a wealth of experience shaping technology companies and helping them grow, from start-ups all the way through to public listed companies. The company he founded at just 22, ANS Group, now has an annual turnover of over £50m – impressive!"
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