Ticket Evolution, a Jersey City, NJ and Plano, Texas-based ticketing software company, closed a $3.5m Series A venture funding.
The company intends to use the funding to expand its distribution channels and market influence. Ticket Evolution also entered into a business development agreement with Raptor Accelerator – a subsidiary of Raptor Group, specializing in growth and expansion strategies.
In conjunction with the funding, Harry DeMott, Managing Director at Raptor Ventures and Dave Andonian, Managing Partner of Dace Ventures, will join the company’s Board of Directors.
Led by Chairman and Co-Founder Steve Parry, Ticket Evolution uses proprietary tools to ensure a more responsive, transparent and efficient marketplace for ticket sales and distribution. It has developed an automated ticket uploader application that integrates real time purchasing, and automatically coordinates with inventory, shipping, record keeping, and order management for maximum user functionality. In addition, the company has integrated mobile technology and third party application programming interfaces including accounting suites and marketing tools.