Sign In
NewsRadar

Seatwave seals €17.3 million Series C round

11 February 2008 16:32
By Tornado Staff

Seatwave, a UK-based fan-to-fan ticket exchange, has raised €17.3 million in a Series C round of funding led by Fidelity Ventures. They are joined by existing investors Atlas Venture, Mangrove Capital Partners and Adinvest.

The company offers an online marketplace for buying and selling tickets for live events such as theatre, sports, and music. Seatwave boasts a secure and transparent online environment. It guarantees that tickets come only from legitimate sources and operates two types of customer protection. Ticketintegrity guarantees that buyers will receive the tickets they ordered and in good time for the event. If not Seatwave refunds 150% of what was paid. All tickets bought on Seatwave are also covered by Ticketcover. This provides for a full refund if an event is cancelled and covers buyers for various circumstances that may prevent them from attending their performance.

Seatwave claims a leadership position in the UK secondary ticketing market, by having over 500,000 tickets available for sale and being the most-trafficked ticket exchange website in the UK – according to Hitwise (December 2007.) In 2007, the company’s customers listed more than 1.7 million tickets on its site for events in 38 countries. The proceeds will be used to generate the same success across Europe. It launched ticket exchanges in Germany, Holland, Spain and Italy during the last quarter of 2007.

The company’s statement highlights some M&A activity in the secondary ticketing market, with Stubhub, TicketsNow and GetMeIn being snapped up in the last 12 months by eBay and Ticketmaster.



Related stories
€25 million in fresh funds and €449 million valuation for Westwing
French fashion e-tailer Melijoe.com bags €9 million round led by Gimv
VC fintech frenzy continues with deals in 2 working capital platforms
Dutch local borrowing platform Peerby bags €1.7 million
Social media translation startup Reach7 secures second 'seed' round


Up
Data


20,163
Tech investments
From our Online Data Service
13,006
VC-backed companies
From our Radar


Recent Deals


DATEAMOUNTSECTOR
Jul 3€14.2MEnergy related
Jul 2N/ASensors
Jul 1€0.1MInternet services
Jun 30€11.4MInternet services
Jun 30N/AInternet services
Jun 30€4.2MDiagnostics
Jun 29€0.6MSensors

For information on Europe's most extensive database on technology funding click here!

Events


BIO-Europe 2015
November 2 - 4, 2015

CONNECTIONS Europe
November 10 - 11, 2015


Press Releases


Jul 7
VisionWaves (acquired by IFS)
ifs acquires visionwaves

Jul 7
Prime Ventures
slimpay raises 15 million euros from prime ventures to accelerate g...

Jul 6
CEVEC Pharmaceuticals
cevec's cap(r)go derived recombinant placental human alkaline phosp...

Jul 2
Crunchfish
crunchfish completes investment to fuel expansion of social proximi...

Jul 2
Wilson Therapeutics
wilson therapeutics appoints hans schikan to its board of directors





About usContact usLegal Information
Copyright © 1999-2015
Emerging Technology Research Europe Inc. All rights reserved.