Eventbrite Raises $60 Million for Indie Ticketing

SOURCE: Published: | 564 views
Self-service ticketing platform Eventbrite has raised $60 million in new financing led by Tiger Global Management and new investor T. Rowe Price. After this round, the company's total funding is $140 million. While still a small player compared to Ticketmaster, today's investment comes after months of  rapid growth for Eventbrite: 100 million tickets sold across 179 countries, totaling $1.5 billion in gross sales with 1/3 of those sold within the previous 9 months.

The company also announced  last month that it had doubled the total number of tickets processed to 100 million since February 2012.

The additional capital will be used to “continue innovating, building and changing the landscape of ticketing. This includes accelerating international growth, mobile, event discovery and innovation, as well as attracting and retaining top talent".

“Live experiences are the new luxury good 0 from large festivals and concerts to conferences and political rallies, people are increasingly looking to share live experiences with people of similar interests and passions," said Kevin Hartz, CEO of Eventbrite.

Continue Reading...

This story appears courtesy of HypeBot.
Copyright © 2015. All rights reserved.

Post a comment

comments powered by Disqus

Shop For Jazz Music


Sponsor: Nonesuch Records | BUY NOW

Enter it twice.
To the weekly jazz events calendar

Enter the numbers in the graphic
Enter the code in this picture

Reset password.

Log in

One moment, you will be redirected shortly.
Events On Demand!

Email Local Jazz Events

News Search

or search site with Google