SeatGeek

SeatGeek
Type of business Private
Type of site
 Live entertainment
Available in English
Founded New York City, New York, USA
Headquarters New York City, New York, United States
Area served Worldwide
Key people Russell D'Souza
Jack Groetzinger
Eric Waller
Employees 100+
Website https://seatgeek.com
Launched September 14, 2009
Current status Active

SeatGeek is an event ticket marketplace and aggregator of sports, concert, and theater tickets. SeatGeek allows both mobile app and desktop users to browse events, view interactive color-coded seatmaps, complete purchases, and receive electronic or print tickets. The list of events on SeatGeek shows prices for ticket inventories aggregated from ticket exchanges such as TicketNetwork, TicketsNow, and Razorgator.

Tickets are sorted using the company's DealScore algorithm which finds the combination of best available price and seat location for a particular event. Historically, SeatGeek provided price forecast information in a similar manner to Farecast, an airline ticket aggregation and forecasting site purchased by Microsoft in 2008.[1] SeatGeek has seen success in the mobile space, adopting Apple Pay to provide seamless purchase and payment.[2][3]

History

SeatGeek was founded by Russell D'Souza and Jack Groetzinger from DreamIT Ventures, an early stage startup accelerator program in Philadelphia and launched in September 2009 at TechCrunch50 where it was named by VentureBeat and CNET as one of the top 5 companies from the conference.[4]

In May, 2009 the company received $20k in seed funding from DreamIT Ventures.[5]

In January, 2010, SeatGeek received between $500k and $1M in seed funding from Sunil Hirani, Mark Wachen, Arie Abecassis, Allen Levinson, Stage One Capital, Trisiras Group and PKS Capital.[6]

In July 2010 SeatGeek received a further $1M in Series A funding from Founder Collective and NYC Seed.[7] Later, in October 2010 the Series A investors invested an additional $550k into the company.[8]

In February 2011 SeatGeek announced a strategic investment from Ashton Kutcher and Guy Oseary through their fund A-Grade investments. The level financing was not disclosed.[9]

In August 2011, SeatGeek announced that Yahoo! Sports renewed its partnership with the company.[10]

In August 2012 the company received $1.7M in Venture funding from Entrée Capital, Mousse Partners, Founder Collective, Red Swan Ventures and NYC Seed.[11]

In December 2013, SeatGeek announced the acquisition of FanSnap, a competing ticket search engine. SeatGeek discontinued the FanSnap search engine and rolled it into their existing ticket search platform.[12] Also, it received $2.2M in venture funding.[11]

In August 2014, it received a further $35M in Series B funding.[11]

In November 2014, SeatGeek and Telecharge announced they've started a partnership.[13][14]

In March 2015, SeatGeek received $62M in Series C funding led by Technology Crossover Ventures.[15]

In July 2016, SeatGeek signed a deal with Major League Soccer to create an open ticketing network to let third-party websites sell tickets to MLS games.[16] As part of the deal, SeatGeek also became the official ticketing partner of MLS team Sporting Kansas City.[17]

Awards and recognition

References

  1. ↑ Wauters, Robin (2009-09-14). "TC50: SeatGeek Is The Farecast For Sports And Music Tickets". TechCrunch. Retrieved 2016-08-08.
  2. ↑ Solomon, Brian (January 21, 2015). "The Hottest Ticket In Mobile: SeatGeek Helps You Scalp The Scalpers". Forbes.com. Retrieved 2016-08-08.
  3. ↑ Solomon, Brian (January 22, 2015). "Forget Stores: Apple Pay Is Already Taking Over Mobile Shopping". Forbes.com. Retrieved 2016-08-08.
  4. ↑ Ha, Anthony (September 15, 2009). "TC50: The five companies to watch". VentureBeat. Retrieved 2016-08-08.
  5. ↑ DreamIT Ventures
  6. ↑ TC50 Finalist SeatGeek Raises Seed Funding, Revamps Website
  7. ↑ Wauters, Robin (2010-07-21). "TC50 Finalist SeatGeek Closes $1 Million Series A Round, Partners With Nielsen". TechCrunch. Retrieved 2016-08-08.
  8. ↑ McDermid, Riley (2010-10-14). "SeatGeek gets $550K, Wall Street Journal deal to advance online ticket search". VentureBeat. Retrieved 2016-08-08.
  9. ↑ SeatGeek Snuffs Out Competition
  10. ↑ "Yahoo! Sports Selects SeatGeek As Ticketing Partner" (Press release). SeatGeek. 2011-08-22. Retrieved 2016-08-08.
  11. 1 2 3 "SeatGeek on Crunchbase".
  12. ↑ SeatGeek Grabs New Ashton Kutcher Investment
  13. ↑ "SeatGeek and Telecharge Announce Ticketing Integration". November 11, 2014.
  14. ↑ "Broadway Bound: Telecharge and SeatGeek Ink A Deal". Forbes. November 11, 2014.
  15. ↑ Buhr, Sarah (2015-04-02). "SeatGeek Raises $62 Million In A Series C Led By Technology Crossover Ventures". TechCrunch. Retrieved 2016-08-08.
  16. ↑ Novy-Williams, Eben (July 27, 2016). "MLS Moves to Open Its Ticket Markets, Unlike the Rest of Sports". Bloomberg News. Retrieved August 7, 2016.
  17. ↑ Perez, A.J. (July 27, 2016). "SeatGeek enters into partnerships with MLS, Sporting Kansas City". USA Today. Retrieved August 7, 2016.
  18. ↑ http://www.webbyawards.com/webbys/current.php?season=16
  19. ↑
  20. ↑ The Top 100 Web Sites of 2010
  21. ↑ 2010 Finalists: America's Best Young Entrepreneurs
  22. ↑ The Silicon Alley 100: New York's Coolest Tech People In 2010
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