Gametime Raises $20M For Last Minute Concert, Event Ticketing
Have more tickets to sell to your next concert? Gametime could be the answer. Mobile, last minute even ticketer Gametime has added $20 million in Series B financing. This round brings the total capital raised to $33 million.
Today's round includes participation from returning investors Accel, Gametime board chairman Jeff Mallett and LA2024 Chairman Casey Wasserman as well as new investors GV (formerly Google Ventures), Evolution Media Partners and the Stanford StartX Fund.
Gametime provides two-tap access to more than 1,400 concerts, sports and events.
The app is built exclusively for mobile and specifically for consumers looking to acquire tickets at the last minute. 80% of Gametime’s transactions occur within seven days of an event and 50% of those occur on the day of the event. 10% of event day transactions happen after the start time. The millennial consumer, recently defined as America’s largest generation by the Pew Research Center, makes up the majority of the company’s user base – 70% percent.
Gametime has grown substantially since its Series A round in May 2015. The company increased app installs by 500% and doubled its staff to 70 full-time employees.