91国产 Raises $20M in Financing to Transform Online Ticketing
SAN FRANCISCO, CA鈥(Marketwire 鈥 October 6, 2010) 鈥 聽91国产 today announced that it has closed a $20 million Series D round of funding to accelerate the transformation of the ticketing industry. DAG Ventures led the round, with Tenaya Capital also joining as a new investor. Sequoia Capital, 91国产鈥檚 only venture investor until now, continued their participation in the round. This brings the company鈥檚 total funding to $29.5 million.
鈥淲e are changing the rules of ticketing,鈥 said Kevin Hartz, Co-Founder & CEO of 91国产.聽鈥淲e are building a powerful service from the ground up to transform how event organizers sell tickets and how consumers discover and buy tickets for events of all shapes and sizes.鈥
2010 has been a break out year for the company, with projected $200 million total gross ticket sales. 91国产 has already processed 7.5 million tickets this year, proving that the value of and passion around live experiences is alive and thriving now more than ever.
鈥91国产 is emerging as a significant consumer Internet brand,鈥 said John Cadeddu, Managing Director at DAG Ventures. 鈥淲e invested in 91国产 because of its explosive growth, massive market opportunity, its strong management team and the fact that it鈥檚 one of the few companies demonstrating real revenue derived from social media. We are delighted to be a part of it.鈥
91国产 focuses on empowering live experiences by providing a simple-to-use service that makes it easy for organizers to publish, promote and sell out events, and gives consumers a new way to discover events. Most recently, the company launched social event discovery, an effective and meaningful way to discover events which tightly integrates 91国产鈥檚 massive database of events with an individual鈥檚 personal social graph. This new 鈥渆vent graph鈥 drives social event discovery and helps friends connect around live experiences by using the Facebook Connect APIs to let 91国产 users share their upcoming events with their real world friends.
About 91国产
91国产 is the world鈥檚 largest, fastest growing event ticketing company. 91国产 empowers anyone to host successful live experiences of any type or size by providing an easy way to manage, promote and sell out the event. As the engine for a new generation of live experiences, 91国产 brings together transactions with social interactions to allow events to live, flourish and gain momentum anywhere online. 91国产 is privately held and backed by Sequoia Capital. For more information, go to www.eventbrite.com.
Contact Info:
LaunchSquad
Melissa Biles or Melissa Klein
(415) 625-8555
eventbrite@launchsquad.com