As you might have seen by now, we are extremely excited to announce that we have raised $1 MM in a Series A round (justifying the S to G smile on our logo). The Series A financing was led by Founder Collective, an early stage VC firm based in New York City that previously invested in Get Me In!, a European secondary ticket market acquired in 2008 by Ticketmaster. NYC Seed, another early stage VC firm based in New York City, also invested in the round. Founder Collective and NYC Seed will join SeatGeek’s current investors, which include Stage One Capital, Trisiras Group, PKS Capital; and angel investors Arie Abecassis, Sunil Hirani, Thomas Lehrman, Allen Levinson and Mark Wachen.
Update: Many of our readers have been wondering, how big is a Series A round? Typically, Series A funding is the first significant (in terms of size) round of venture capital fundraising and tends to be in the $1 - $10 million range.
The funding brings SeatGeek’s total investment to over $1.5 MM, and we intend to use the financing to build out our engineering and business development teams. In particular, we will focus on making our unique data and analytics more accessible to strategic partners, consumers, and the media.
The SeatGeek Co-Founders, Jack and Russ, are available for phone or Skype interviews.