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.