« Interview: Lars Langusch of Holtzbrinck Ventures | Main | Sun Buys German/Russian Innotek »
February 12, 2008
Seatwave Raises $25M for Euro StubHub
SeatWave has raised $25M in Series C funding. Fidelity Ventures led the round, and was joined by return backers Atlas Venture, Mangrove Capital Partners and Adinvest. The company had previously raised $11M. Fidelity has profited from this space as it had previously invested in StubHub which was bought by eBay.
Seatwave is an online fan-to-fan ticket exchange. The UK site launched in February 2007 and Seatwave is already in the top 5 ticket sites according to Hitwise. Seatwave launched in Germany in September and Holland in October. More European markets will follow soon.
Seatwave faces competition in Europe from VC-backed Viagogo, however, there are a number of different models in online ticket sales and at least for now Viagogo and Seatwave are on different tracks. Viagogo is doing deals with large European clubs to sell their tickets whereas Seatwave is really more of a Craigslist for people to post and sell their spare tickets.
The company is led by Joe Cohen who has a sharp resume. He was COO/SVP International at Match.com, VP/GM, Europe at Ticketmaster.com and new markets GM at Citysearch.
Get your Dizzee Rascal tickets on Seatwave while they last
View - site
Posted on February 12, 2008 12:41 AM | Posted to eCommerce | Permalink
Trackback Pings
TrackBack URL for this entry:
http://www.thealarmclock.com/mt/mt-tb.cgi/6805
