Total amount raised
$1.2 Billion
Latest funding date
8/1/2022
Location
SeatGeek has successfully raised funds through 12 funding rounds, with the latest being a Series E. The platform is backed by 45 investors, including recent ones like Arctos Sports Partners and Wellington Management.
Keep reading to explore the intricacies of SeatGeek's fundraising journey and the investors backing this innovative platform.
What Is SeatGeek?
SeatGeek operates a mobile-focused ticket platform and search engine that allows fans to buy and sell tickets for various events. The company is based in New York, United States, and employs between 501 and 1000 people.
SeatGeek is involved in multiple industries, including Ediscovery, Events, Search Engine, Sports, and Ticketing. The platform offers features like connecting to Spotify for personalized notifications and provides resources for sellers, developers, and creators.
How Much Funding Has SeatGeek Raised?
- Series A (First Round)
- Amount Raised: USD 1,000,000
- Date: July 2010
- Lead Investors: Founder Collective
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's capabilities and reach a broader audience.
- Series A (Second Round)
- Amount Raised: USD 550,000
- Date: October 2010
- Lead Investors: Not disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the technology and enhance user experience.
- Series Unknown
- Amount Raised: USD 2,120,000
- Date: February 2011
- Lead Investors: Mousse Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and improve market presence.
- Series Unknown
- Amount Raised: USD 1,650,000
- Date: August 2012
- Lead Investors: Mousse Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance the platform's features and expand the user base.
- Series Unknown
- Amount Raised: USD 2,200,000
- Date: December 2013
- Lead Investors: Not disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and technological advancements.
- Series B
- Amount Raised: USD 35,000,000
- Date: August 2014
- Lead Investors: Accel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and enhance platform capabilities.
- Series C
- Amount Raised: USD 62,000,000
- Date: April 2015
- Lead Investors: TCV
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and invest in new technologies.
- Series D
- Amount Raised: USD 57,000,000
- 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 enhance ticketing capabilities.
- Series Unknown
- Amount Raised: Not disclosed
- Date: January 2020
- Lead Investors: Not disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support strategic initiatives and growth plans.
- Series E
- Amount Raised: USD 238,000,000
- Date: August 2022
- Lead Investors: Accel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market presence and invest in innovative technologies.
Total Amount Raised: USD 399,520,000. Current Valuation: Not publicly disclosed.
Key Investors
- Accel
- Details: Accel is a venture capital firm that invests in early and growth-stage technology companies. They have been a lead investor in multiple funding rounds for SeatGeek, including the Series E round.
- Investment Focus Areas: Technology, internet companies, software.
- Notable Investments: Facebook, Dropbox, Slack.
- Glynn Capital Management
- Details: Glynn Capital Management is a venture capital firm that focuses on investing in technology-driven companies. They led the $57 million Series D round for SeatGeek.
- Investment Focus Areas: Technology, disruptive markets, new opportunities.
- Notable Investments: Facebook, LinkedIn, Airbnb.
- TCV (Technology Crossover Ventures)
- Details: TCV is a venture capital firm that focuses on growth-stage technology companies. They participated in the Series C round for SeatGeek.
- Investment Focus Areas: Growth-stage technology companies, internet, software.
- Notable Investments: Netflix, Spotify, Airbnb.
- Mousse Partners
- Details: Mousse Partners is a private investment firm that invests in a wide range of industries, including technology, consumer, and healthcare. They have been involved in multiple funding rounds for SeatGeek.
- Investment Focus Areas: Technology, consumer, healthcare.
- Notable Investments: Warby Parker, Glossier, Alibaba.
- Causeway Media Partners
- Details: Causeway Media Partners is a venture capital firm that focuses on sports media, technology, and related industries. They participated in the Series D round for SeatGeek.
- Investment Focus Areas: Sports media, technology, related industries.
- Notable Investments: Formula E, FloSports, SeatGeek.
What's Next for SeatGeek?
SeatGeek's future looks promising as it leverages the technology from its acquisition of TopTix to create a formidable rival to Ticketmaster. With TopTix processing 80 million tickets annually across 16 countries, the opportunity to expand into the primary ticketing market is substantial. This move could significantly enhance SeatGeek's market presence and revenue streams.
Future fundraising opportunities seem likely, given the successful Series D round that funded the TopTix acquisition. This financial backing positions SeatGeek well for further investments to support its growth and technological advancements. However, challenges remain, such as integrating TopTix's technology and convincing venues to adopt the new open system. Competing with established players like Ticketmaster will also be a significant hurdle.
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