American startup SeatGeak, which provides online ticket booking services, has raised a funding of $62 million in series C round. The funding was led by Technology Crossover Ventures, with participation from existing investor Mousse Partners, Accel Partners and Causeway Media.
The newly raised funds will be used for marketing and increasing employee headcount which stands at 64 now, in order to march their competitor StubHub, who recently partnered with Spotify.
SeatGeek helps people find and buy tickets to sporting events, concerts, Broadway shows, nightclubs and a range of other live entertainments through its mobile app or website. The company was started in 2009 by Jack Groetzinger and Russ D’Souza; so far the App has been downloaded more than 3 million times and the company is valued at $200 million according to TechCrunch