Eventbrite Hits $2 Billion In Ticket Sales
Forbes has reported that Eventbrite has hit $2 billion in gross ticket sales since launching in 2006. This past March, the company hit $1.5 billion, which means that 25% in gross sales took place in the last 6 months. In 2012, the company hit a total of $600 million in gross ticket sales. Based on these figures, Eventbrite made well over 50% of their gross $2 billion sales in the last 21 months since launching 7 years ago. Clearly the company has a lot of momentum right now.
“This accelerated growth and global adoption signifies the universal need for a simple, yet robust, platform which helps organizers sell tickets and promote their events,” stated Eventbrite co-founder and president Julia Hartz. “Our extensive experiences helping organizers with millions of events informs the choices we’re making today. We remain laser focused on building our team and platform to provide the best innovation for organizers, large and small—and are ready to put even more power into our global presence.”
Eventbrite works with over 60,000 event organizers each month. These events range from meet-ups to music concerts. In 2012, Eventbrite offered tickets for over 40,000 separate music festivals. One of Eventbrite’s most popular events is Tough Mudder.
Eventbrite has raised $140 million in funding from investors like T. Rowe Price, Tiger Capital, Jawed Karim (YouTube co-founder), Keith Rabois, Peter Jackson, David Sacks, Ron Conway, and Sequoia Capital.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry