# Glownet

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/glownet

- Industry: Software
- Headquarters: London, UK
- Website: www.glownet.com
- Total disclosed funding: $3.3M
- Latest round: Series A (Apr 19, 2018)
- Investors on record: 1

## About

Glownet Limited specializes in providing innovative technology solutions for the events and leisure industries, enhancing customer experiences through integrated ticketing and payment systems.Founded in 2012 in London, UK, Glownet Limited develops technology for the events sector, offering solutions including ticketing and payment processing. The company has secured GBP 2.33 million in its Series A funding round led by Downing Ventures in April 2018, bringing its total amount raised to GBP 2.33 million and current valuation to GBP 10.84 million. The founders include Anet Pichler, Edward Mason, Pascal Haddad, Sami Tueni, and Scott Witters, with Sami Tueni currently serving as CEO.Glownet offers a comprehensive suite of products designed for the events, leisure, and tourism industries, positioning itself as a leader in the live experience sector. The core of their product stack includes ticketing solutions, digital wallets, payment processing systems, point-of-sale (POS) terminals, and access control technologies such as QR and NFC check-in systems. These products are engineered to enhance operational efficiency and customer engagement, bridging the gap between digital and physical experiences. The company serves a diverse client base, including music festivals, sports arenas, amusement parks, and educational institutions across over 52 countries. Glownet’s solutions cater to event organizers and venue operators seeking customizable and scalable tools that streamline ticket sales, payment processing, and user interaction, thereby improving the overall attendee experience.Glownet generates revenue through a multifaceted transaction structure that includes partnerships with event organizers and venues, providing them access to its extensive product offerings. The company’s flagship services include cashless payment systems and customized ticketing platforms, enabling clients to manage transactions seamlessly across numerous events. Revenue is derived from service fees associated with ticket sales, transaction processing, and potentially subscription models for the use of its technology stack. Clients benefit from tailored pricing plans based on the specific services utilized, enhancing their operational capabilities while contributing to Glownet's financial success. The integration of these tools into diverse environments helps solidify Glownet’s position in the market and supports its revenue-generating potential.In April 2018, Glownet Limited raised GBP 2.33 million in Series A funding, which will be pivotal for expanding its product lineup and entering new markets. The company aims to launch new products that enhance customer engagement and operational capabilities, with particular focus on expanding its presence in North America and Asia by 2025. The recent funding will be utilized to accelerate product development and support market expansion efforts.

## Funding rounds

- Series A, Apr 19, 2018, $3.3M — Downing

## Investors

- Downing (https://capitalatlas.ai/funds/downing) — Series A