Get enables students to purchase event tickets, merchandise and club memberships, and has over 220K members across Australia, Singapore and Hong Kong

Get (previously known as QNect), an online platform that facilitates payments for university clubs and societies, has secured US$2.5 million in a new funding round, led by Vertex Ventures, the VC arm of Temasek Holdings. Existing investor Click Ventures (early backers of Spotify and Meetup) also joined the round.

The Singapore-based startup will use the funds for international and local expansion, product development, and building out the teams in every country it has operations in.

Launched in 2016 by 23-year-old Daniel Liang, Get is a campus social ticketing app that enables students to easily purchase event tickets, merchandise and club memberships. As per a press statement, the app is being used by more than 400 organisations and institutions, with over 220,000 members across Australia, Singapore and Hong Kong.

Also Read: This events startup takes team building up a notch with adventurous and thrilling activities

“Get is targeting an untapped market of students whose spending behaviours and expectations are vastly different to the generations before them,” said Liang. “This cohort is inherently social, and Get is really one of the only services that leverages this insight as the basis for a payments platform. This generation wants to buy what their friends are buying, and being able to provide that level of transparency on a scalable digital platform is incredibly powerful.”

Get was formally launched in Hong Kong in September 2017, and most recently set up its global headquarters in Singapore in 2018. It also has an office in Sydney.

Commenting on the investment, Joo Hock Chua, Managing Partner of Vertex Ventures, said: “Get provides a convenient and valuable tool for organisations in tertiary institutions to collect funds for tickets, merchandise and memberships from a community both in person and online. The social element of Get’s model is the missing gap in the market for community selling online or in-person.”

“The younger cohort is inherently social, and Get is really one of the only services that leverages this insight as the basis for a payments platform. This generation wants to buy what their friends are buying, and being able to provide that level of transparency on a scalable digital platform is incredibly powerful,” Chua added.m

Carman Chan, Managing Partner at Click Ventures, said: “More and more selling will be automated and moved to mobile. The social element of Get’s model is the missing piece of the current offline to online selling model. We believe startups need to be able to execute but also be nimble enough to pivot when the opportunity arises, and the Get team definitely demonstrates these qualities, which will see it grow quickly.”

Photo by Reinaldo Kevin on Unsplash

The post Campus social ticketing startup Get raises US$2.5M led by Vertex Ventures appeared first on e27.