TicketRev, a Miami, FL-based provider of a live event ticket platform, raised $1.1M in Pre-Seed funding.
Backers included 500 Startups, Soma Capital, Groove Capital, Techstars, the Minnesota Twins, and angel investors.
The company intends to use the funds to continue to further develop its platform and make new hires across engineering and marketing teams.
Led by CEO Jason Shatsky, TicketRev helps fans find tickets to their live events. Its buyer-driven model allows fans to name their own price for tickets, enabling sellers to accept these requests and sell their tickets discreetly. Sellers are paid instantly and never have to list their inventory for sale.
The company is now launching its mobile app, which is aimed at improving the process of ticket buying. It allows users to place offers for tickets across multiple events at once to increase their chances at scoring a deal. Customers can search for the events they want to attend and then decide what they are willing to pay. TicketRev then provides a suggested range so users always know if their offer is fair.
Since being founded in 2022, TicketRev has grown to serve upwards of 5,000 active users.
FinSMEs
18/04/2023