Deals

RazorGator raises $10M in debt for sold-out event ticketing

RazorGator, an online ticket vendor specializing in tickets to sold-out sporting and entertainment events, just brought in $10 million in debt financing from Hercules Technology Growth Capital. The Los Angeles-based company says it will use the money to aggressively scale up its operation.

The company already has an impressive roster of partners, including major athletic teams like the San Francisco 49ers, Buffalo Bills, Pittsburgh Pirates, Carolina Panthers, Baltimore Ravens, Seattle Seahawks and Minnesota Vikings. It also sells passes to high-profile events like the Super Bowl, the U.S. Open, the Olympics, Wimbledon, the French Open, and opening nights for Broadway shows. It serves its tickets through distributors like Fox Sports, Scout.com, MSN, Tickets.com and Yahoo, and indirectly competes with StubHub and Ticketmaster.

RazorGator previously raised $26 million from Kleiner Perkins Caufield & Byers and Oak Investment Partners. Dan Beldy of Steamboat Ventures recently joined the company’s board, suggesting that the firm was involved in the latest round as well.