That's the Ticket: Eventbrite Scores $50 Million
This year, Ticketmaster, the world’s largest concert promoter, will put on some 20,000 live shows–each one attended by folks carping about the asinine “convenience,” “facility,” “order processing” and “print-at-home” fees the company typically tacks on to ticket purchases. Fascinating how quickly a $35 show can become a $60 one, isn’t it?
So it’s nice to see some of the company’s upstart rivals racking up new funding with which to steal some of its business.
The latest to do so is online ticketing start-up Eventbrite, which raised $50 million in new financing this week. Led by Tiger Global, the Series E round brings the total funds raised by Eventbrite to nearly $80 million since its founding in 2006. And as it’s done in the past, the company will use the new cash to build out its infrastructure and further globalize its operations. “We’re looking at ways to move faster and expand faster,” CEO Kevin Hartz told the New York Times.