Learn How

We need your help in 2018

Support All About Jazz All About Jazz is looking for 1,000 backers to help fund our 2018 projects that directly support jazz. You can make this happen by purchasing ad space or by making a donation to our fund drive. In addition to completing every project (listed here), we'll also hide all Google ads and present exclusive content for a full year!

1

Broker Genius Raises $15M For Dynamic Ticket Pricing

SOURCE:

Sign in to view read count
New York based Broker Genius, developers of dynamic ticket pricing technology has secured a $15 million Series A round of funding from Boston-based growth equity firm Volition Capital. Broker Genius offers pricing automation technology in the live event secondary market.

The travel industry uses similar technology to price flights and hotels rooms. To date, Broker Genius technology has priced over $2 billion in entertainment and sports ticket inventory.

The new funding will support additional product development. Advancements in the technology will enable ticket resellers to augment data with qualitative variables. For a sports team that might mean factoring in the opposing team, starting pitchers, weather, and standings.

“It has been an exciting period in our history,” said Broker Genius CEO and founder Sam Sherman. “The future of Broker Genius relies on constant innovation which is centered increasingly around big data and machine learning. Volition Capital’s investment will allow us, among other things, to continue investing in data science so we can more accurately forecast market trends and behaviors.”

To accommodate their customers’ around the clock needs, Broker Genius recently opened two new offices. The Reno, Nevada location will expand support and pricing coverage, while the Barcelona, Spain office will continue to optimize the product, making it more stable, versatile, and faster than ever before. 

Continue Reading...

This story appears courtesy of HypeBot.
Copyright © 2017. All rights reserved.

Tags

News

Timely announcements from the industry.

Support All About Jazz's Future

We need your help and we have a deal. Contribute $20 and we'll hide the six Google ads that appear on every page for a full year!