Ticketing Start-up Eventbrite Gets $50M, Bigger Events
Eventbrite just announced that they’ve raised another $50 million to continue on their path of offering event promoters choices in how they sell their tickets online. Here’s the news via NY Times…
Eventbrite, a ticketing start-up based in San Francisco, got its start by offering to help any event organizer peddle tickets — whether it be for a yoga class or an indie comedy show.
Now the company is looking to tackle ticketing for bigger events — and it is getting a large boost of liquid confidence from investors who think it stands a chance at stealing business from Ticketmaster, the industry giant.
On Wednesday, Eventbrite announced that it had raised $50 million in venture capital in a Series E round of financing. The influx of cash came from several firms and was led by Tiger Global. This round brings the amount of money Eventbrite has raised to a hefty $79.5 million
TechCrunch has a quite writeup of the announcement as well.
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Justin Ward is the Editor at Live Music Blog and has been with the site from the very beginning. He currently lives in San Francisco and regularly tweets other stuff over @justinpward.
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