{"id":681841,"date":"2026-01-19T00:00:00","date_gmt":"2026-01-19T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?p=681841"},"modified":"2026-01-19T04:02:33","modified_gmt":"2026-01-19T04:02:33","slug":"knot-technologies-looks-to-expand-its-efforts-to-kill-the-event-ticket-resale-black-market-with-usd-1-mn-pre-seed-round","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2026\/01\/19\/knot-technologies-looks-to-expand-its-efforts-to-kill-the-event-ticket-resale-black-market-with-usd-1-mn-pre-seed-round\/","title":{"rendered":"Knot Technologies looks to expand its efforts to kill the event ticket resale black market with USD 1 mn pre-seed round"},"content":{"rendered":"

Knot Technologies announced a USD 1 mn pre-seed round<\/strong> led by Cairo-based VC A15 in a statement (pdf)<\/a>. Founded by a team from Meta, Goldman Sachs, and Mubadala, the company is working to \u201crebuild how identity, distribution, and value flow in live events.\u201d<\/p>\n

Knot exists to address a problem many of us know only too well.<\/strong> \u201cIt\u2019s almost impossible to get these [in-demand] tickets from the primary market because of all the bots [and] professional resellers,\u201d co-founder and CEO Ahmed Abdalla tells EnterpriseAM. Fans end up paying \"10 times the price, 100 times the price\" on unregulated channels, only to find out at the venue that they have a fake ticket.<\/p>\n

For operators, this is about recapturing leaked revenue. <\/strong>Currently, organizers see \u201c10 to 20% of a stadium\u201d sold on the black market at massive markups, but \u201cthey\u2019re not able to capture any of that upside.\u201d Knot allows them to bring that unregulated activity back onto their own balance sheets.<\/p>\n

The startup is using AI to scrap the first-come, first-served model of ticket sales<\/strong>. \u201cFor us, preventing resale shouldn\u2019t actually just happen at the resale level...we want to ensure from the very beginning that the ticket goes to the right person based on the data,\u201d Abdalla explains. Knot is positioning itself as a silent backend that integrates with venues and event organizers\u2019 websites that ensures that for its clients. To do this, it relies on an \u201cAI layer that authenticates identity, governs distribution, and tracks demand in real time,\u201d according to the statement.<\/p>\n

While ticketing is Knot\u2019s main focus right now, \u201cthe underlying technology has the <\/strong>potential to create value far beyond ticketing,\u201d<\/strong> according to co-founder and CTO Hussein Elbendak. Abdalla sees the technology expanding to any market with high demand and \u201cunregulated secondary markets,\u201d like sneaker drops and restaurant bookings in cities like London and New York.<\/p>\n

What\u2019s next? <\/strong>The startup has its eyes on entering at least three or four major geographies by the end of the year and establishing itself as one of the largest ticketing companies in Egypt, Abdalla said.<\/p>\n

(** Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n","protected":false},"excerpt":{"rendered":"

Fans often end up paying \"10 times the price, 100 times the price\" on the black market for tickets<\/p>\n","protected":false},"author":1,"featured_media":681842,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7258],"tags":[72,9148,95,123,639],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-681841","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-enterpriseam","tag-events","tag-startup-watch","tag-startups","tag-technology","wpautop","entry"],"acf":{"mongo_id":"058be5fd-3f98-45eb-aef7-4470928251d5","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2026\/1\/636.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Knot Technologies looks to expand its efforts to kill the event ticket resale black market with USD 1 mn pre-seed round","related_issue":[681825],"teaser":"Fans often end up paying \"10 times the price, 100 times the price\" on the black market for tickets"},"yoast_head":"\nKnot Technologies looks to expand its efforts to kill the event ticket resale black market with USD 1 mn pre-seed round - 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Other participants in the round included Algebra Ventures, Nuwa Capital, 1984 Ventures, Global Founders Capital, and regional and international angel investors.That\u2019s a huge raise for\u2026","rel":"","context":"In "Startup watch"","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/319.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":611395,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/06\/autostartup-mtor-lands-usd-2-8-mn-in-pre-seed-round-lychee-closes-series-a\/","url_meta":{"origin":681841,"position":5},"title":"Autostartup Mtor lands USD 2.8 mn in pre-seed round, Lychee closes series A","author":"enterpriseam admin","date":"6 December 2023","format":false,"excerpt":"The pre-seed round was led by Egyptian venture capital firm Algebra Ventures","rel":"","context":"In \"Algebra Ventures\"","block_context":{"text":"Algebra Ventures","link":"https:\/\/enterpriseam.com\/egypt\/tag\/algebra-ventures\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/12\/288.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/681841","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=681841"}],"version-history":[{"count":1,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/681841\/revisions"}],"predecessor-version":[{"id":681888,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/681841\/revisions\/681888"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/681825"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/681842"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=681841"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=681841"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=681841"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=681841"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=681841"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}