FanXchange, a Toronto, Canada-based provider of white-labeled live event ticketing solutions, closed a $5m funding.
The round was led by Azure Capital Partners and Plaza Ventures with participation from existing investors including Gibraltar & Company. In conjunction with the financing, Dan Park, Principal and Head of Canadian Investments at Azure Capital Partners, joined FanXchange’s board of directors
The company intends to use the funds to enhance the current suite of products.
Founded in 2009 by Brandon Koffler, CEO, FanXchange powers white labeled live event ticketing solutions for major loyalty programs, financial institutions, distribution partners and e-commerce marketplaces providing their users with access to tickets for every major sports, concert and theater event in North America.