SeatGeek is serious about defeating Ticketmaster. 。
The ticketing platform just spent $56 million on the ticketing tech company TopTix. SeatGeek paid for that acquisition by raising $57 million in its own Series D funding round. Before this round, SeatGeek had already raised over $100 million in funding. 。
TopTix is an Israeli company, and a lot of its technology is used internationally. The tech company handles ticketing for 500 teams and institutions in 16 countries including the Netherlands National Soccer Team and Buckingham Palace. 。
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SeatGeek will use that technology to continue to grow in primary ticketing — like Ticketmaster — rather than secondary, or resale, ticketing. The company called the acquisition a "major move that instantly makes SeatGeek one of the largest primary ticketers in the world." 。SEE ALSO:People can't, can't, can't believe how much some are paying for Justin Bieber's concert tickets。
SeatGeek was already working with TopTix to sell tickets for the Major League Soccer team Sporting Kansas City. The company's move into primary ticketing with SeatGeek Open will put tickets in apps, on other websites, or anywhere else you could want to buy a ticket.。SEE ALSO:Amazon Prime members can now get VIP tickets at gigs and festivals 。
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SeatGeek will use that technology to continue to grow in primary ticketing — like Ticketmaster — rather than secondary, or resale, ticketing. The company called the acquisition a "major move that instantly makes SeatGeek one of the largest primary ticketers in the world." 。