Self-service ticketing platform Eventbrite has raised $60 million in new financing led by Tiger Global Management and new investor T. Rowe Price. After this round, the company’s total funding is $140 million. While still a small player compared to Ticketmaster, today's investment comes after months of rapid growth for Eventbrite: 100 million tickets sold across 179 countries, totaling $1.5 billion in gross sales with 1/3 of those sold within the previous 9 months.
The company also announced last month that it had doubled the total number of tickets processed to 100 million since February 2012.
The additional capital will be used to "continue innovating, building and changing the landscape of ticketing. This includes accelerating international growth, mobile, event discovery and innovation, as well as attracting and retaining top talent".
“Live experiences are the new luxury good 0 from large festivals and concerts to conferences and political rallies, people are increasingly looking to share live experiences with people of similar interests and passions,” said Kevin Hartz, CEO of Eventbrite.