SeatGeek Raises $238 Million at a $1 Billion Valuation

SeatGeek is a ticketing company that provides its clients with a platform for buying and selling tickets for concerts, theater events, and live sports. The company has both a mobile app and desktop version to allow users to browse events, view color-coded seat maps, complete purchases, and, finally, receive electronic or print tickets.

The funding round was led by Accel. Among other investors were Wellington Management, Arctos Sports Partners, and Ryan Smith, founder of Smith Entertainment Group and founder and executive chairman of Qualtrics. With the new funding, SeatGeek plans to support product, partner, and customer investments. 

SeatGeek, New York, the USA was founded by Jack Groetzinger and Russell D’Souza in 2009. “We’re happy with how quickly we raised this round and the sheer amount of investor interest there was, especially given current market conditions. The raise was meaningfully oversubscribed, and we’re really excited about our long-term trajectory,” Jack Groetzinger, CEO and co-founder of SeatGeek. As of now, the company has 200 partners, among them Arizona Cardinals, Dallas Cowboys, and NBA’s Brooklyn Nets. SeatGeek’s product list includes Rally, a custom in-app experience that provides clients with personalized features based on their venue. Also, SeatGeek has SeatGeek Swap, a ticket-return feature; SeatGeek Marketplace, a marketplace for fans to sell tickets; and software that provides sports teams and venues with an end-to-end solution.

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