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June 03, 2008
Samwer Brothers' European Founders Fund Invests $1M In EventBrite
img alt="eventbrite.png" src="http://www.thealarmclock.com/mt/archives/eventbrite.png" width="227" height="103" />
We have passed by San Francisco-based Eventbrite any number of times as it shares offices in a building with a great number of other VC-backed startups. Today the startup says that it has raised its first round of funding (amount undisclosed) from the Samwer Brothers' European Founders Fund.
Eventbrite is well known within the tech event space but that doesn't make it a huge business. It must either expand to other event sectors or expand into the tech realm by offering further functionality, or both. Eventbrite tells Mashable that it is profitable, earning a commission (2.5%) off of each ticket sale, and that it plans to expand its social networking functionality with tie-ins to larger platforms (Facebook, LinkedIn, etc).
Eventbrite is led by CEO Kevin Hartz who has numerous affiliations: Board of Directors at BluBet; Principal at Youniversity Ventures; Principal at Outlook Ventures; and Co-Founder at Connect Group. His bride Julia Hartz is a co-founder and President.
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Posted on June 3, 2008 07:30 AM | Posted to Specialized Software | Permalink
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