Scottish ticketing and event technology start-up Forumm has secured £250,000 of new funding from an angel investor network which values the business at £2.25m.
The funding round, secured under the Enterprise Investment Scheme (EIS), will enable the Glasgow-based company to enhance its platform, expand its team, and continue building a more engaging and human-centred event experience.
Since launching its ticketing platform in October 2025, Forumm has attracted more than 25,000 active users and continues to see strong month-on-month growth.
The business is positioning itself as a challenger to established sector players such as Eventbrite by prioritising user experience, transparent pricing, and meaningful connections between event organisers and attendees.
The new investment will be used primarily to deliver a complete refresh of the platform’s user interface (UI) and user experience (UX). Drawing on nine months of detailed user research, Forumm is introducing a redesigned journey that makes event creation and ticket purchasing more intuitive, personal and enjoyable.
As part of this development phase, the company has strengthened its team with the addition of a new developer and specialist support in UX and UI design and copywriting.
The aim is to create a distinctive platform that feels less transactional and more aligned with the people and events it serves.
Dan Marrable, CEO and co-founder of Forumm, said: “The ticketing space has become overly functional and impersonal, with many organisers and attendees feeling disconnected from the experience. This investment allows us to take a significant step forward in changing that.
“Over the next 12 months our focus will remain on providing exceptional service to our core users and attracting new event organisers as we continue to build a platform where users feel a stronger connection to the events they attend.
“Our growth to date shows there is real demand for a different approach, and this funding gives us the foundations to scale in a sustainable and measured way.”
Lead investor Malcolm S Howat added: “This investment reflects strong confidence in both the team and the opportunity in front of them. Forumm has already demonstrated clear traction and a deep understanding of its users.
“The focus on improving the platform, strengthening the team and building on solid financial foundations gives the business the best possible chance to achieve the significant growth it is targeting.”
Originally developed within the education and academic conference sector, Forumm has rapidly evolved and, in 2025, pivoted into the wider ticketing market after identifying greater long-term growth opportunities.
The platform has since gained traction across Scotland, particularly within arts, culture and independent events.
With a revenue model based on a simple 5% fee per ticket sale, Forumm is building towards sustainable growth. The company is projecting £250,000 in annual revenue next year with the goal of breaking-even by the end of that period, putting it in a sustainable position before pursuing further investment to accelerate expansion across the UK.
Looking ahead, Forumm aims to continue growing its presence beyond Scotland, expand into key English markets, and further develop its platform into a broader marketplace that supports event organisers with access to venues and event-related specialist services.
