Jul. 25, 2012
It has been an extremely busy 12 months for Ticketfly. In the past year alone, Ticketfly has launched Reserved Seating, a philanthropy program, a first-of-its-kind Marketing Services initiative, and we were included by Facebook as a partner in the launch of Open Graph. Not to mention the numerous partners we’ve added to an already stellar roster of clients – including The Catalyst in Santa Cruz, The Echo/Echoplex and Spaceland Presents in LA, Rams Head in Baltimore, Cain’s Ballroom in Tulsa, and most recently the Aspen Live Conference in Colorado.
Any train moving this quickly is going to require some fuel. And today we’re excited to announce that we have closed a $22 Million funding round, led by SAP Ventures, with participation from Northgate Capital, Cross Creek Capital, and Series B lead investor, our old friends at Mohr Davidow Ventures.
Ticketfly plans to use the proceeds from financing to continue the technology innovation that we get so excited about, and further expand our business into new markets.
In the words of our CEO, Andrew Dreskin: “We seek investors that provide not only financial support, but also strategic value. SAP Ventures, Northgate Capital and Cross Creek Capital certainly fit that bill. These firms have significant expertise internationally, in the sports vertical and in the public markets. Their knowledge and experience will be critical as we expand our product offering and diversify our client base. It’s a time of great disruption in the ticketing space, and we’re thrilled to have investors who share our vision – to transform the event ticketing industry.”
Read the full press release here.
If you’d like more information about becoming a Ticketfly partner, head over to our About Page to learn more!
Last but not least…a champagne toast from the Ticketfly team!