Concert ticket search engine SeatGeek announced that it has raised $35 million in a series B
round of funding led by Accel Partners. Other investors in the round include rapper Nas,
NFL quarterbacks Peyton and Eli Manning and Causeway Media Partners, a sports investment
fund led by Boston Celtics CEO Wyc Grousbeck. The company plans to use the money to help
hire new talent and expand on its products and marketing, with a particular focus on mobile. As
part of the announcement, Accel's John Locke will join the company's board alongside SeatGeek
founders Jack Groetzinger and Russ D'Souza, and David Frankel from Founder Collective, which
raised $1 million for the then-startup in 2010.
According to a press release announcing the round of funding, SeatGeek is on pace to drive
$13 million of ticket sales in August, a 50% increase over sales for the month of July. The company
expects to drive over $160 million of ticket sales in 2014. SeatGeak was founded in 2009 and was
incubated at the startup accelerator program Dreamit Ventures. It allows the user to look at historical
trends for an event's ticket price and forecasts when to buy based on the movement of prices.
Source: Billboard
round of funding led by Accel Partners. Other investors in the round include rapper Nas,
NFL quarterbacks Peyton and Eli Manning and Causeway Media Partners, a sports investment
fund led by Boston Celtics CEO Wyc Grousbeck. The company plans to use the money to help
hire new talent and expand on its products and marketing, with a particular focus on mobile. As
part of the announcement, Accel's John Locke will join the company's board alongside SeatGeek
founders Jack Groetzinger and Russ D'Souza, and David Frankel from Founder Collective, which
raised $1 million for the then-startup in 2010.
According to a press release announcing the round of funding, SeatGeek is on pace to drive
$13 million of ticket sales in August, a 50% increase over sales for the month of July. The company
expects to drive over $160 million of ticket sales in 2014. SeatGeak was founded in 2009 and was
incubated at the startup accelerator program Dreamit Ventures. It allows the user to look at historical
trends for an event's ticket price and forecasts when to buy based on the movement of prices.
Source: Billboard