SeatGeek, a New York City-based ticket search engine, raised a $35m Series B funding.
The round was led by Accel Partners, with participation from Causeway Media Partners, a sports-focused investment fund led by Boston Celtics CEO Wyc Grousbeck, Super Bowl MVPs Peyton and Eli Manning, Nas, Melo7 Tech Partners, Stanford University Athletics, Seattle Mariners co-owner and Real Networks founder Rob Glaser, NBA veterans Shane Battier and Mike Dunleavy Jr, as well as existing investors Mousse Partners and Thomas Lerhman. In conjunction with the funding, Accel Partner John Locke will join SeatGeek’s board.
The company intends to use the funds to grow its team, expand its product and accelerate growth via marketing, particularly on mobile platforms.
Founded in September 2009 by Jack Groetzinger and Russ D’Souza, SeatGeek is an online platform to shop for sports, concert, and theater events. It features interactive stadium maps, a Deal Score value algorithm, which provide fans with buying intelligence to find the best prices from trusted secondary ticket markets and alerts them of the ideal time to purchase tickets, as well as mobile applications for iPhone, iPad and Android, which have been downloaded nearly 2 million times.