Ticketing platform Eventbrite raises $60 million in Series F funding. By Angie Chang (Co-Founder & Editor-in-Chief, Women 2.0)
Eventbrite, the leading self-service ticketing company co-founded by president Julia Hartz, announced today raising $60 million in financing led by Tiger Global Management. Eventbrite also announced new investment partner T. Rowe Price this week. The company's total funding now stands at $140 million.
The growth capital will be used to continue innovating, building and changing the landscape of ticketing. This includes accelerating international and mobile growth.
Last month, Eventbrite processed over $1.5 billion in gross ticket sales with one-third of those ticket sales occurring within the previous 9 months. Founded in 2006 by husband-and-wife entrepreneurs Kevina and Julia Hartz, Eventbrite celebrates impressive milestones which "confirm the large, underpenetrated" and global market for ticketing as well as the universal need for an easy-to-use and scalable platform for event organizers and consumers alike."
"Live experiences are the new luxury good - 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. We're pleased to be able to work with existing as well as new investors who truly understand the opportunities that these kind of occasions represent, as well as the power of the platform we have built to make them happen," said Kevin Hartz, CEO and co-founder of Eventbrite. "This funding round is the most efficient way to scale our business around the world, while remaining totally focused on our users."
Angie Chang is Editor-in-Chief and Co-Founder of Women 2.0, a media company offering content, community and conferences for aspiring and current women innovators in technology. Our mission is to increase the number of female founders of technology startups with inspiration, information and education through our platform. Previously, Angie held roles in product management and web UI design. Angie holds a B.A. in English and Social Welfare from UC Berkeley. Follow her on Twitter at @thisgirlangie.