Eventbrite aims big with $50M of new funding

May 18, 2011 1:19 PM
Anthony Ha

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Ticketing startup Eventbrite announced today that it has raised $50 million to finance its growing ambitions in the ticketing market.

The San Francisco company started out aiming for a different audience than existing ticketing giant Ticketmaster, offering an easy way for small event organizers to sell tickets. My most common usage of Eventbrite has been for tech conferences and meetups. But the company has turned its focus to larger events, and last summer it sold 60,000 tickets for a Black Eyed Peas concert — its largest event ever, according to The New York Times.

Eventbrite says that with the new funding, it will continue to aim for bigger events, build more analytics and social media tools, and invest in its mobile products. In addition to established companies like Ticketmaster, Eventbrite is competing with newer startups like Ticketfly.

More than 10 million people have attended events ticketed by Eventbrite, and it’s on-track to process nearly $500 million in ticket sales this year, the company says. The new round was led by Tiger Global Management and brings Eventbrite’s total funding to $79.5 million. Past investors include Sequoia Capital, DAG Ventures, and Tenaya Capital.

[image via Flickr/Rhys's Piece Is]

http://twitter.com/ngishere Noam N.G. Gordon

This investment might make them upstart, not startup anymore. Congrats to Eventbright!
http://venturebeat.com/2012/02/24/in-likely-march-toward-ipo-eventbrite-doubled-revenues-in-2011-exclusive/ In likely march toward IPO, Eventbrite doubled revenues in 2011 (exclusive) | VentureBeat

[...] with the company’s huge $50 million funding last May in its fifth round, the news that it has doubled revenues means it is almost certainly [...]
http://eskobo.com/2012/02/25/in-likely-march-toward-ipo-eventbrite-doubled-revenues-in-2011-exclusive/ In likely march toward IPO, Eventbrite doubled revenues in 2011 (exclusive) – – Tech News AggregatorTech News Aggregator

[...] with the company’s huge $50 million funding last May in its fifth round, the news that it has doubled revenues means it is almost certainly [...]
http://eskobo.com/2012/02/25/in-likely-march-toward-ipo-eventbrite-doubled-revenue-in-2011-exclusive/ In likely march toward IPO, Eventbrite doubled revenue in 2011 (exclusive) – – Tech News AggregatorTech News Aggregator

[...] with the company’s huge $50 million funding round last May, the news that it has doubled revenue means it is almost certainly inching its way toward [...]
http://www.technewsx.com/2012/02/25/in-likely-march-toward-ipo-eventbrite-doubled-revenue-in-2011-exclusive/ In likely march toward IPO, Eventbrite doubled revenue in 2011 (exclusive) – – TechNewsX – Technology News AggregatorTechNewsX – Technology News Aggregator

[...] with the company’s huge $50 million funding round last May, the news that it has doubled revenue means it is almost certainly inching its way toward [...]
http://venturebeat.com/2012/03/20/eventbrite-ipad-card-reader/ Eventbrite launches first mobile product with “at the door” credit card reader | VentureBeat

[...] Francisco-based Eventbrite raised a huge $50 million round in May 2011, with funding led by Tiger Global Management. It has raised a total of $79.5 million, [...]
http://eskobo.com/2012/03/20/eventbrite-launches-first-mobile-product-with-at-the-door-credit-card-reader/ Eventbrite launches first mobile product with “at the door” credit card reader – – Tech News AggregatorTech News Aggregator

[...] Francisco-based Eventbrite raised a huge $50 million round in May 2011, with funding led by Tiger Global Management. It has raised a total of $79.5 million, [...]
http://www.socialnetworkbackgroundcheck.com/eventbrite-launches-first-mobile-product-with-%e2%80%9cat-the-door%e2%80%9d-credit-card-reader/ Eventbrite launches first mobile product with “at the door” credit card reader | Social Network Background Check

[...] Francisco-based Eventbrite raised a huge $50 million round in May 2011, with funding led by Tiger Global Management. It has raised a total of $79.5 million, [...]
http://www.sramanamitra.com/2012/07/09/eventbrite-in-the-ipo-pipeline/ Eventbrite in the IPO Pipeline | Sramana Mitra

[...] Its financials are largely unknown, but management has revealed that it doubled revenues in 2011 over the previous year. To date, the company has received more than $79.5 million in venture funding from investors, including Tiger Global, Sequoia Capital, DAG Ventures, and Tenaya Capital. The latest round of funding of $50 million closed in May 2011 and was largely funded by Tiger Global. [...]