Ticketfly Raises Another $50 Million…
Ticketfly has raised $50 million in Series D funding, bringing the company’s total funding to $85 million.
The round is led by Riverwood Capital. RBC Capital Markets is the exclusive placement agent for the funding. Ticketfly “expects” the following previous investors to participate: Mohr Davidow Ventures, Sapphire Ventures, Cross Creek Capital, Northgate Capital, Primary Ventures (formerly High Peaks Venture Partners), and Contour Venture Partners.<!–/*
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// ]]>Ticketfly will use the money to accelerate their online live event platform. This makes sense, considering Ticketfly acquired Willcall less than a year ago.
They will also move to larger offices, expand globally, and move into other verticals.
Ticketfly says they recently passed $1 billion in cumulative gross sales.
Image by Pictures of Money, licensed under Creative Commons 2.0 Generic (CC by 2.o).
Nina Ulloa covers breaking news, tech, and more: @nine_u
The post Ticketfly Raises Another $50 Million… appeared first on Digital Music News.
Source: Industry News
