Eventbrite Grabs $50 Million More For Live Ticket & Marketing Platform
Even as Live Nation CEO Michael Rapino was touting synergies created by its merger with Ticketmaster at this morning's JP Morgan conference, investors were signalling that it's far from game over for the event ticketing sector. Ticketing upstart Eventbrite announced today it has secured $50 million in a Series E financing round led by Tiger Global. This round brings the company's total funding to $79.5 million.
With this capital, Eventbrite says it will to expand and accelerate global expansion and a more aggressive push into even larger-scale live events.
Eventbrite says that 120,000 event organizers in 150 countries have hosted more than half a million events using it's platform. More than 10 million people have attended an event ticketed by the company, who says its on track to facilitate a $500 million in gross ticket sales this year.