Eventbrite Raises $20 Million In Series D
Eventbrite is an online tickets website that has raised $20 million in Series D funding led by DAG Ventures. Tenaya Capital and Sequoia Capital also participated in this round of funding. Eventbrite is a 4 year old start-up based in San Francisco and raised a total of $29.5 million.
Eventbrite isn’t planning on having an IPO anytime soon. “If you see what’s out there on the ticketing side, there’s just not a lot of innovation — it’s been a status quo industry,” said Eventbrite CEO Kevin Hartz. “We’re really just getting started.”
Eventbrite is close to hitting $200 million in total ticket sales this year. The average ticket price is $60. The per-ticket fee is $0.99 and they get a 2.5-3% cut on every transaction according to GigaOM. Eventbrite does not offer reserved seating though.
[GigaOM]This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry