SeatGeek has steadily grown into a leading mobile-first ticketing platform, providing seamless experiences for buying and selling tickets to sports, concerts, and theatre events. The company has raised over $400 million across multiple funding rounds, attracting top investors such as Accel, TCV, and Glynn Capital Management. Leveraging innovative tools like Deal Score and personalized event recommendations, SeatGeek continues to enhance ticket discovery while expanding its footprint in the U.S. and beyond.
What Is SeatGeek and What Does It Do?
SeatGeek is a mobile-focused ticketing platform designed to make discovering and purchasing event tickets intuitive and straightforward. The app features tools like Deal Score, which helps users gauge the value of tickets, and personalized event recommendations to enhance the user experience.
SeatGeek has a team of 201-501 employees. SeatGeek continues to push boundaries in digital ticketing, providing seamless buying and selling experiences while expanding its footprint across the U.S. and international markets.
How Much Funding Has SeatGeek Raised?
1. Seed Round
- Amount Raised: $550K
- Date: January 2010
- Lead Investors: Not publicly disclosed
- Motivation: To develop the initial platform and launch the business.
2. Series A
- Amount Raised: $1M
- Date: July 2010
- Lead Investors: Founder Collective
- Motivation: To grow the team and enhance the platform.
3. Series A (Second)
- Amount Raised: $550K
- Date: October 2010
- Lead Investors: Not publicly disclosed
- Motivation: Further platform development and scaling operations.
4. Venture Round
- Amount Raised: $2.1M
- Date: February 2011
- Lead Investors: Mousse Partners
- Motivation: Expand market reach and improve technology.
5. Venture Round
- Amount Raised: $1.7M
- Date: August 2012
- Lead Investors: Mousse Partners
- Motivation: Enhance platform capabilities and user experience.
6. Venture Round
- Amount Raised: $2.2M
- Date: December 2013
- Lead Investors: Not publicly disclosed
- Motivation: Support growth and technological improvements.
7. Series B
- Amount Raised: $35M
- Date: August 2014
- Lead Investors: Accel
- Motivation: Scale operations and enter new markets.
8. Series C
- Amount Raised: $62M
- Date: April 2015
- Lead Investors: TCV
- Motivation: Expand platform reach and enhance technology.
9. Series D
- Amount Raised: $57M
- Date: April 2017
- Lead Investors: Glynn Capital Management
- Motivation: Acquire TopTix and expand market presence.
10. Series E
- Amount Raised: $238M
- Date: August 2022
- Lead Investors: Accel
- Motivation: Scale operations and enhance tech infrastructure.
Total Amount Raised: $400.1 Million
Current Valuation: $1.2 Billion (as on Aug 2022)
Latest Funding Date: August 2022
Key Investors
1. Accel
- Details: Global venture capital firm investing in early and growth-stage tech companies.
- Investment Focus Areas: Technology, software, internet
- Notable Investments: Facebook, Dropbox, Slack
2. Glynn Capital Management
- Details: VC firm supporting technology companies with market-disrupting potential.
- Investment Focus Areas: Technology, software, internet
- Notable Investments: Facebook, LinkedIn, Airbnb
3. TCV (Technology Crossover Ventures)
- Details: Invests in technology companies at different growth stages, backing high-growth opportunities.
- Investment Focus Areas: Technology, software, internet
- Notable Investments: Netflix, Spotify, Airbnb
4. Mousse Partners
- Details: Private investment firm with a diversified portfolio, including consumer goods and tech.
- Investment Focus Areas: Consumer goods, technology, healthcare
- Notable Investments: Warby Parker, Glossier, Allbirds
5. Founder Collective
- Details: Seed-stage VC founded by entrepreneurs to support early-stage startups.
- Investment Focus Areas: Technology, software, consumer internet
- Notable Investments: Uber, BuzzFeed, HotelTonight
Where Is SeatGeek’s Headquarters?
SeatGeek is headquartered in New York, USA, a central hub for technology and entertainment. This location supports its rapid platform development, partnerships with venues and distributors, and national ticketing operations.
What’s Next for SeatGeek?
SeatGeek’s acquisition of TopTix opens up opportunities in the primary ticketing market, enabling a comprehensive solution for event organizers. By combining TopTix’s backend technology with its consumer-facing platform, SeatGeek can strengthen ticket validation, distribution, and partnerships with major retailers like Amazon and Costco.
The company’s future expansion may include scaling the SeatGeek Open platform, integrating new features, and exploring additional fundraising opportunities.
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