The startup offers a web3 loyalty platform that enables tokenized commerce by allowing suppliers to pool their ticket inventory for real-time access by distributors across various sectors. This platform addresses the fragmentation in ticket purchasing by providing a global distribution network that enhances accessibility and efficiency for both suppliers and distributors.
Funding
$7.7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
The current event ticketing landscape is fragmented, making it difficult for suppliers to reach a broad audience and for distributors to offer a comprehensive selection of tickets to their customers. This disaggregation limits accessibility and efficiency in the ticket purchasing process.
Solution
Coras provides a unified API that connects ticket suppliers, such as venues and promoters, with distributors, including online retailers, travel companies, and media brands. This platform enables distributors to seamlessly integrate a wide range of event and activity tickets into their existing offerings, enhancing their value proposition and creating new revenue streams. Suppliers benefit from expanded reach and increased sales through a global distribution network. Coras handles customer payments and refunds, and offers customer support in multiple languages.
Target Audience
Coras targets ticket suppliers (venues, promoters) seeking broader distribution and online retailers, travel companies, and media brands looking to expand their offerings with event tickets.
Features
- Unified API for easy integration with existing systems
- Real-time access to millions of tickets across various event categories and geographies
- Customizable booking fee structure with transparent revenue sharing
- Support for multiple languages and currencies
- Tools for tailoring ticket offerings based on customer travel dates and locations
- Integration with Stripe for payment processing