SeatGeek Raises $62 Million from TCV, Accel, and Others

SeatGeek has announced that they’ve raised $62 million in Series C funding. The company has now raised a total of $103 million.

The company specializes in mobile-centric ticketing, with app-based solutions for primary and secondary sellers.  The broader, mobile-based transactional space, is oh-so-hot right now, and investors are responding.  The company shuns scalpers, and is quite explicit on that note.  In the end, SeatGeek wants to power ticketing for lots of powerful venues, promoters, and others trying to put butts-in-seats.

This round of funding was led by Technology Crossover Ventures.  Returning investors include Accel, Causeway Partners, and Mousse Partners. Technology Crossover Ventures General Partner Daniel O’Keefe will join SeatGeek’s board.<!–/*
* The backup image section of this tag has been generated for use on a
* non-SSL page. If this tag is to be placed on an SSL page, change the
*   ‘http://72.52.81.231/revive/www/delivery/…’
* to
*   ‘https://72.52.81.231/revive/www/delivery/…’
*
* This noscript section of this tag only shows image banners. There
* is no width or height in these banners, so if you want these tags to
* allocate space for the ad before it shows, you will need to add this
* information to the tag.
*
* If you do not want to deal with the intricities of the noscript
* section, delete the tag (from … to ). On
* average, the noscript tag is called from less than 1% of internet
* users.
*/–>

Also participating in the Series C is QueensBridge Venture Partners, the investment vehicle driven by legendary rapper Nas.

// <![CDATA[
var m3_u = (location.protocol=='https:'?'https://72.52.81.231/revive/www/delivery/r9.php':'http://72.52.81.231/revive/www/delivery/r9.php');
   var m3_r = Math.floor(Math.random()*99999999999);
   if (!document.MAX_used) document.MAX_used = ',';
   document.write ("”);
// ]]>SeatGeek says they will use the money to expand marketing in North America. They also plan on hiring 46 new employees by the end of the year.

The company currently has 64 employees.

Photo by 401kcalculator.org on Flickr used with the Creative Commons License

Nina Ulloa covers breaking news, tech, and more: @nine_u

The post SeatGeek Raises $62 Million from TCV, Accel, and Others appeared first on Digital Music News.

Source: Industry News