Vivid Seats, LLC, a Chicago, Illinois-based marketplace for tickets to live sports, concert and theater events, received a strategic investment of undisclosed amount.
Backers included GTCR, Vista Equity Partners and Vivid Seats management. Following the transaction, which is expected to close in the second quarter of 2017, the co-founders and Vista will maintain a significant ownership stake in the company.
The investment is intended to enable the company to grow and develop the technology and service offerings.
Co-founded in 2001, by Jerry Bednyak and Eric Vassilatos, Vivid Seats is a large independent marketplace for tickets to live sports, concert, and theater events. The company supports all orders with a comprehensive buyer guarantee and an in-house customer service team.