SAN FRANCISCO (CelebrityAccess MediaWire) — Ticketing startup Eventbrite has secured $50 million in a new round of financing, led by Tiger Global and bringing the company's total funding to $79 million.
With this latest infusion of capital, the company says they intend to continue to expand with an eye into pushing into larger-scale events. Eventbrite says the cash will also help them to continue their focused development of mobile, cloud-based ticketing platforms.
Eventbrite's investors include Tiger Global, Sequoia Capital, DAG Ventures, and Tenaya Capital.
Eventbrite is one of numerous challengers to Ticketmaster's throne, but the company made headlines last year when former Ticketmaster CEO Sean Moriarty joined their board of directors. – CelebrityAccess Staff Writers
"We started with a simple mission of making it easy for anyone to create, promote and sell out their event," said Kevin Hartz, CEO and Co-Founder of Eventbrite. "We've since been stunned by the size and variety of events that are now powered by Eventbrite. From a photography class to the Black Eyed Peas concert in Central Park, we are proving that our ticketing service is not only accessible to anyone, but also extremely powerful and dependable. This expansion capital will accelerate our transformation of the ticketing industry." – CelebrityAccess Staff Writers
