ShowClix Raises $1.65 Million In Series B
ShowClix is an online event ticketing company that has raised $1.65 million in Series B funding led by Swallow Point Ventures. Pittsburgh Equity Partners, Woodland Partners, Innovation Works, and Smithfield Trust also participated in this round of funding. ShowClix ticket sales increased 650% in 2010. Their client base increase 275% in 2010. And the company made a strategic partnership with Groupon.
“We’ve always tried to operate in a lean, capital-efficient manner and have never felt it necessary to have a large war chest of funds available. However, we did believe that it was important to raise sufficient capital to throw some fuel on the fire and increase our sales and brand awareness,” stated ShowClix CEO Joshua Dziabiak. “We were also excited to have the opportunity to add Harris Jones [Swallow Point] to our Board of Directors, as his extensive experience in both the mobile industry and in international business will be very valuable to the company moving forward.” ShowClix mainly provides ticketing solutions to large size promoters and event organizers.
[SFGate]This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry