Online Ticketing Company Eventbrite Raises $60 Million
Eventbrite is an online ticketing company that has raised $60 million in growth funding from Tiger Global Management and T. Rowe Price. Before this round of funding, there was speculation that Eventbrite was going to go public soon. Eventbrite will be using the funding to continue “innovating” and “building.”
Eventbrite helped event organizers sell 100 million tickets and registrations. This translated to over $1.5 billion in gross ticket sales since launching in 2006. The company said that one-third of the tickets processed were between June 2012 and March 2013, according to TheNextWeb.com.
Eventbrite has raised over $135 million in total funding so far. The company said that the $60 million in funding will give them flexibility in setting a timeline for a later IPO on their schedule. The funding round gives Eventbrite a valuation of between $600 and $700 million.