Total amount raised
$1.2 Billion
Latest funding date
8/1/2022
Location
SeatGeek has successfully raised significant funding through multiple rounds, attracting a diverse group of investors. The platform offers a mobile-focused ticketing solution for buying and selling event tickets.
Keep reading to explore the intricacies of SeatGeek's fundraising journey and the investors backing this innovative platform.
What Is SeatGeek?
SeatGeek, founded in 2009 in New York, is a mobile-focused ticketing platform. The company was established by Eric Waller, Jack Groetzinger, and Russell D'Souza.
SeatGeek allows users to buy and sell tickets for sports, concerts, and theater events. It features tools like 'Deal Score' to evaluate ticket value and personalized event recommendations.
With a workforce of 501-1000 employees, SeatGeek continues to innovate in the ticketing industry, providing a seamless experience for event-goers.
How Much Funding Has SeatGeek Raised?
- Seed Round
- Amount Raised: $550K
- Date: January 2010
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial platform and launch the business.
- Series A
- Amount Raised: $1M
- Date: July 2010
- Lead Investors: Founder Collective
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and enhance the platform's features.
- Series A
- Amount Raised: $550K
- Date: October 2010
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and scale operations.
- Venture Round
- Amount Raised: $2.1M
- Date: February 2011
- Lead Investors: Mousse Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and improve technology.
- Venture Round
- Amount Raised: $1.7M
- Date: August 2012
- Lead Investors: Mousse Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance the platform's capabilities and user experience.
- Venture Round
- Amount Raised: $2.2M
- Date: December 2013
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and technological advancements.
- Series B
- Amount Raised: $35M
- Date: August 2014
- Lead Investors: Accel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enter new markets.
- Series C
- Amount Raised: $62M
- Date: April 2015
- Lead Investors: TCV
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's reach and enhance its technology.
- Series D
- Amount Raised: $57M
- Date: April 2017
- Lead Investors: Glynn Capital Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To finance the acquisition of TopTix and expand market presence.
- Series E
- Amount Raised: $238M
- Date: August 2022
- Lead Investors: Accel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further scale operations and enhance technological infrastructure.
Total Amount Raised: $400.1M. Current Valuation: Not publicly disclosed.
Key Investors
- Accel
- Details: Accel is a venture capital firm that invests in early and growth-stage technology companies. Founded in 1983, it has a global presence with offices in Palo Alto, London, and Bangalore.
- Investment Focus Areas: Technology, software, internet.
- Notable Investments: Facebook, Dropbox, Slack.
- Glynn Capital Management
- Details: Glynn Capital Management is a venture capital firm that focuses on investing in technology companies. The firm aims to support companies that have the potential to disrupt existing markets.
- Investment Focus Areas: Technology, software, internet.
- Notable Investments: Facebook, LinkedIn, Airbnb.
- TCV (Technology Crossover Ventures)
- Details: TCV is a venture capital firm that invests in technology companies at various stages of growth. Founded in 1995, TCV has a strong track record of supporting high-growth companies.
- Investment Focus Areas: Technology, software, internet.
- Notable Investments: Netflix, Spotify, Airbnb.
- Mousse Partners
- Details: Mousse Partners is a private investment firm that focuses on private equity and venture capital investments. The firm has a global investment strategy and a diverse portfolio.
- Investment Focus Areas: Consumer goods, technology, healthcare.
- Notable Investments: Warby Parker, Glossier, Allbirds.
- Founder Collective
- Details: Founder Collective is a seed-stage venture capital fund founded by a group of successful entrepreneurs. The firm aims to support early-stage startups with high growth potential.
- Investment Focus Areas: Technology, software, consumer internet.
- Notable Investments: Uber, BuzzFeed, HotelTonight.
What's Next for SeatGeek?
SeatGeek's acquisition of TopTix opens up significant opportunities in the primary ticketing market. By integrating TopTix's backend solutions with its consumer-facing platform, SeatGeek can offer a comprehensive ticketing solution. This move positions SeatGeek to rival established players like Ticketmaster, leveraging TopTix's technology to enhance ticket validation and distribution through major partners like Amazon and Costco.
Future fundraising efforts could be bolstered by the success of the Series D round, enabling further expansion of the SeatGeek Open platform. However, challenges such as integrating TopTix's operations and convincing venues to adopt the new model remain. Despite these hurdles, SeatGeek's innovative approach and strategic acquisitions suggest a promising path forward in the evolving ticketing industry.
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