Information About Acquisition & HUMBL, Inc.
HUMBL, Inc. has announced its intention to enter into a binding term sheet to acquire Tickeri, Inc. in a transaction that totals $20,000,000 USD. Simply put, Tickeri is a leader in the ticketing and live event space. The SaaS platform has featured Latin artists and events throughout the US, the Caribbean, and the US. Founded by Javier and Juan Luis Gonzalez, the company has spent the better half of a decade working alongside popular artists like Bad Bunny, J. Balvin, and much more. To date, Tickeri is one of the few ticketing companies to hone in on the Latin American Market, offering advanced features like real-time reporting, box office tools, analytics, and a dedicated digital marketing platform.
HUMBL Inc. is a newer, Web 3 platform that is being developed with the sole purpose of connecting merchants and consumers in the digital landscape. This is achieved through the use of mobile applications and our very own iteration of the marketplace.
In 2019, Tickeri sold over 1 million tickets for a total of $30 million in combined online and offline face value ticketing volume. The company as a whole experienced a 30% year-over-year revenue growth cycle in non-COVID years, since its inception in 2011. HUMBL is planning to integrate Tickeri features into the HUMBl mobile application and web platform, all while keeping the Tickeri brand operating in its own capacity within the Latin markets and using the core technologies to go after other ticketing contracts in various regions.
As stated by HUMBL: “We are thrilled to work together with Tickeri to build a first-class digital ticketing platform for Latin America and other emerging markets, as well as a contactless fan experience inside the HUMBL mobile application,” said Brian Foote, CEO of HUMBL. The company is already in talks with potential suitors who are looking to revamp their live events. You can read more about these updates here.
