Lyte, a San Francisco, CA-based ticketing reservation technology platform for live events, raised an additional $5m as part of a Series B round initially announced in December.
This brings Lyte’s Series B round to $38m, a combination of equity and debt, and total funding to date to $53m. Series B round include Uncorrelated, AllRise, Brian Distelburger and Ed Roman. They joined Chamath Palihapitiya’s Social Capital, music icon Quincy Jones, Rocketship VC, Ryan Moore’s Accomplice and Jackson Square Ventures. Lyte’s original seed investors Joe Edelman and Adam Stone return to fund and support the company as do Philip Deutch, Zander Lurie, Matt Mickiewicz and digital media entrepreneur and Lyte Board Member, Rob Goldberg.
Led by Ant Taylor, Founder and CEO, Lyte is a reservations technology platform focused on event ticketing for artists, venues and fans.
The company’s technology has delivered millions of dollars in savings by enabling fans to reserve, return and exchange tickets through its proprietary risk-free reservations system. Lyte’s solutions have been utilized by Coachella, major tours with the likes of Mumford & Sons and Wilco, and recently featured in Rolling Stone and Billboard.