# Welcu

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

- Industry: Consumer Services
- Headquarters: Chile
- Website: www.welcu.com
- Latest round: Seed (Dec 1, 2010)
- Investors on record: 2

## About

Welcu is a Chilean event management platform that facilitates the creation, promotion, and sale of event tickets across diverse categories including sports and corporate gatherings.Founded in 2010 in Chile by Nico Orellana, Welcu offers a comprehensive suite for event management, enabling users to efficiently organize both online and offline events. The company has undergone strategic pivots to enhance its service offerings, focusing on a user-centric platform. Nico Orellana, with experience in entrepreneurship, leads the company as CEO. Welcu's noteworthy deal occurred in December 2010 when it secured Seed funding from 500 Startups and TomorrowVentures.Welcu.com primarily offers a comprehensive platform for event management, enabling users to create, promote, and sell tickets for a variety of events including sports, corporate gatherings, and entertainment shows. The core functionalities include event creation tools, customizable RSVP invitations, and ticket sales services designed to streamline the planning and execution of both in-person and online events. The platform caters to a diverse clientele ranging from individual event organizers to corporates looking to host large-scale events across multiple geographical markets, including the United States, Argentina, Brazil, Chile, Colombia, Germany, Spain, France, Mexico, and Peru, among others. By providing an integrated solution for event management, Welcu effectively addresses common challenges such as ticketing logistics, attendee management, and marketing outreach, making it a valuable resource for both event organizers and attendees.Welcu generates revenue through a transactional model where clients pay for services related to event management, including ticket sales and event promotion. The structure of these transactions typically involves a fee-based system where event organizers pay a commission on each ticket sold through the platform. While specific pricing plans are not disclosed, the company likely offers tiered pricing based on the scale and features of the events being hosted, catering to both direct-to-consumer and business-to-business clients. This revenue model enables Welcu to capitalize on a growing market for event management solutions, particularly as more businesses and individuals seek efficient ways to organize and promote their events in various sectors. The platform’s flagship services include online ticket sales and event marketing tools, which are pivotal in driving the company's revenue growth within its operational markets.Welcu plans to leverage recent funding from the Seed round completed in December 2010 to enhance its platform capabilities and explore new product features aimed at improving user experience. The company is also targeting expansion into additional markets in Latin America and Europe by 2025, focusing on regions such as Colombia, Germany, and Spain. This strategic growth will be supported by implementing advanced marketing tools and new event management functionalities, ensuring they meet the evolving needs of their clients.

## Funding rounds

- Seed, Dec 1, 2010 — 500 Global, TomorrowVentures

## Investors

- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed
- TomorrowVentures (https://capitalatlas.ai/funds/tomorrowventures) — Seed