A statement from the NSW Department of Industry said Humanitix had developed its platform with a grant of $25,000 from the State Government-backed Jobs for NSW.
The company had now been given an additional grant of $100,000 to compete with larger rivals, NSW Deputy Premier and Small Business Minister John Barilaro said.
“Jobs for NSW has been there from the start with Humanitix, having earlier provided the company with a Minimum Viable Product grant to develop the ticketing platform," he said.
The company was set up in August 2016 by hedge fund manager Joshua Ross and engineering graduate and former technology consultant Adam McCurdie, and had since ticketed more than one thousand events.
McCurdie said: “Everybody hates that booking fee you’re hit with when buying tickets to a live event. These fees add up to billions of dollars across the industry and can be better used to solve serious social issues.
“Humanitix is a not-for-profit which means we can redistribute 100 percent of our profits without having to worry about paying shareholders. Event organisers love it - they can reduce booking fees and support an amazing cause at no extra cost.
“We ticket all kinds of live events – from a 10-person yoga workshop to a 20,000 person conference or festival.”