ONE of the country’s largest growth capital investors has announced its investment in a Limerick-based ticketing company.
Capital investors BGF has announced that it will invest €4million in Eventmaster, a company that provides ticketing, membership, and fundraising software for sporting events, governing bodies, charities, and event organisers.
The Limerick-based company provides over 1.5million tickets for over 3,000 events nationwide every year.
The investment by BGF will see the investor take a minority stake in Eventmaster, allowing the company to grow over the coming years.
Eventmaster was founded in 2010 by John Cleary, who will remain as CEO and majority shareholder under the new deal, with Fergal Mooney joining the board as non-executive chairman.
Mr Cleary, founder of Eventmaster, said that “this investment from BGF marks a significant step forward” for the home-grown company.
“We have a great team within Eventmaster and an excellent existing client base. Now with BGF and Feargal Mooney as our new chairman, we are well positioned to accelerate our growth. The future looks very bright and very exciting.”
BGF Investor Joe Higgins said that “Eventmaster is one of the most impressive tech companies we have seen in the Irish market”.
“Over the past 14 years they have carved out a leadership position in the Irish market and they have exciting plans for expansion here and further afield. BGF is delighted to support them on this journey and to help John and his team realise their huge potential.”
Chairman Feargal Mooney said that he is “delighted to join Eventmaster as chairman at this exciting stage of its growth journey”.
Mr Mooney went on to say that “John and his team have developed a leading position in ticketing, registration, and charity fundraising technology in Ireland, and I look forward to working with them, supported by BGF, to accelerate this growth and maximise their share of the opportunity both in the Irish market and beyond”.
