Eventbrite Raises $60 Million For Indie Ticketing
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
The company also announced last month that it had doubled the
total number of tickets processed to 100 million since February
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.