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Ticketfly Raises $50M in Funding Round

Thursday, August 20, 2015   (0 Comments)

Music Week (07/16/15) Williamson, Coral

Ticketfly has closed a Series D financing round, raising $50 million, which was led by private equity firm Riverwood Capital. Ticketfly plans to use the funds to accelerate development of its cloud-based live events platform and re-imagine the event-going experience for fans. The company plans to add new products and services for its existing client base, move to larger facilities, expand internationally, and extend its business into related verticals. The company's overall funding to date is $85 million. "I'm excited to welcome the Riverwood team to the Ticketfly family," says Ticketfly co-founder and CEO Andrew Dreskin. "We both agree that there is a once-in-a-lifetime moment of disruption happening in the live events space, and Ticketfly is clearly at the center of it." The company's integrated platform covers the entire event lifecycle, including booking acts, digital marketing, and in-venue commerce. For fans, Ticketfly provides curated selections from venues across North America via a mobile-friendly experience. The company recently crossed the $1 billion mark for cumulative gross sales; in March, it acquired Northern Tickets, the in-house ticketing service of The MRG Group, and this summer added the Life is Beautiful festival and Central Park Summerstage to its roster.


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