SeatGeek

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SeatGeek
SeatGeek.png
Type Private
Founded New York City, New York, USA
Headquarters New York City, New York, United States
Area served Worldwide
Key people Russell D'Souza
Jack Groetzinger
Employees 39
Website http://seatgeek.com
Type of site Ticket Search
Available in English
Launched September 14, 2009
Current status Active

SeatGeek is an event ticket marketplace and aggregator of sports, concert, and theater tickets. SeatGeek allows both mobile app and desktop users to browse events, view interactive color-coded seatmaps, complete purchases, and receive electronic or print tickets. The list of events on SeatGeek shows prices for ticket inventories aggregated from ticket exchanges such as TicketNetwork, TicketsNow, and Razorgator.

Tickets are sorted using the company's DealScore algorithm which finds the combination of best available price and seat location for a particular event. Historically, SeatGeek provided price forecast information in a similar manner to Farecast, an airline ticket aggregation and forecasting site purchased by Microsoft in 2008.[1] SeatGeek has seen success in the mobile space, adopting Apple Pay to provide seamless purchase and payment.[2][3]

History[edit]

SeatGeek was founded by Russell D'Souza and Jack Groetzinger from DreamIT Ventures, an early stage startup accelerator program in Philadelphia and launched in September 2009 at TechCrunch50 where it was named by VentureBeat and CNET as one of the top 5 companies from the conference.[4]

In May, 2009 the company received $20k in seed funding from DreamIT Ventures.[5]

In January, 2010, SeatGeek received between $500k and $1M in seed funding from Sunil Hirani, Mark Wachen, Arie Abecassis, Allen Levinson, Stage One Capital, Trisiras Group and PKS Capital.[6]

In July 2010 SeatGeek received a further $1M in Series A funding from Founder Collective and NYC Seed.[7] Later, in October 2010 the Series A investors invested an additional $550k into the company.[8]

In February 2011 SeatGeek announced a strategic investment from Ashton Kutcher and Guy Oseary through their fund A-Grade investments. The level financing was not disclosed.[9]

In August 2011, SeatGeek announced that Yahoo! Sports renewed its partnership with the company.[10]

In August 2012 the company received $1.7M in Venture funding from Entrée Capital, Mousse Partners, Founder Collective, Red Swan Ventures and NYC Seed.[11]

In December 2013, SeatGeek announced the acquisition of FanSnap, a competing ticket search engine. SeatGeek discontinued the FanSnap search engine and rolled it into their existing ticket search platform.[12] Also, it received $2.2M in venture funding.[11]

In August 2014, it received a further $35M in Series B funding.[11]

In November 2014, SeatGeek and Telecharge announced they've started a partnership.[13][14]

In March 2015, SeatGeek received $62M in Series C funding led by Technology Crossover Ventures.[15]

Awards and recognition[edit]

  • 2012 Webby Awards Nominee - "Web Services and Application"[16]
  • "Technical Achievement" finalist in the South by Southwest's (SXSW) 2010 Web Awards.[17]
  • PC Magazine's "The Top 100 Web Sites of 2010".[18]
  • Founders Russell D'Souza and Jack Groetzinger were named in Bloomberg BusinessWeek's "America's Best Young Entrepreneurs 2010."[19]
  • Business Insider's "The Silicon Alley 100: New York's Coolest Tech People In 2010"[20]

References[edit]

  1. ^ http://techcrunch.com/2009/09/14/tc50-seatgeek-is-the-farecast-for-sports-and-music-tickets/
  2. ^ http://www.forbes.com/sites/briansolomon/2015/01/21/the-hottest-ticket-in-mobile-seatgeek-helps-you-scalp-the-scalpers/
  3. ^ http://www.forbes.com/sites/briansolomon/2015/01/22/forget-stores-apple-pay-is-already-taking-over-mobile-shopping/
  4. ^ http://venturebeat.com/2009/09/15/tc50-the-five-companies-to-watch/
  5. ^ DreamIT Ventures
  6. ^ TC50 Finalist SeatGeek Raises Seed Funding, Revamps Website
  7. ^ http://techcrunch.com/2010/07/21/tc50-finalist-seatgeek-closes-1-million-series-a-round-partners-with-nielsen/
  8. ^ http://venturebeat.com/2010/10/14/seatgeek-gets-550k-wall-street-journal-deal-to-advance-online-ticket-search/
  9. ^ SeatGeek Snuffs Out Competition
  10. ^ https://seatgeek.com/press/yahoo-sports-selects-seatgeek-as-ticketing-partner
  11. ^ a b c "SeatGeek on Crunchbase". 
  12. ^ SeatGeek Grabs New Ashton Kutcher Investment
  13. ^ "SeatGeek and Telecharge Announce Ticketing Integration". November 11, 2014. 
  14. ^ "Broadway Bound: Telecharge and SeatGeek Ink A Deal". Forbes. November 11, 2014. 
  15. ^ http://techcrunch.com/2015/04/02/seatgeek-raises-62-million-in-a-series-c-led-by-technology-crossover-ventures/
  16. ^ http://www.webbyawards.com/webbys/current.php?season=16
  17. ^ http://sxsw.com/node/4285
  18. ^ The Top 100 Web Sites of 2010
  19. ^ 2010 Finalists: America's Best Young Entrepreneurs
  20. ^ The Silicon Alley 100: New York's Coolest Tech People In 2010

External links[edit]