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Discount Ticket Seller ScoreBig Scores $18M Series D

Thursday, December 11, 2014   (0 Comments)

TechCrunch (10/28/14) Shu, Catherine

Online discount ticket seller ScoreBig has raised $18 million in Series D capital, which the company says will be funneled into the expansion of its online and mobile products, the setup of strategic partnerships, and marketing. The ScoreBig website enables consumers to bid on tickets by contracting with event producers and professional resellers to acquire unsold tickets at undisclosed discounted prices. ScoreBig says bidders do not see the final discounted amount of tickets, which protects their full-price sales channels and distinguishes ScoreBig's tactics from rivals such as Ticketfly and ScoreBig estimates consumers save 40 percent below box office ticket prices, on average. "The team at ScoreBig has developed a solution to two of the biggest challenges facing the live entertainment industry: making live events more affordable for price-conscious consumers, and increasing live event attendance," notes ScoreBig director George Kliavkoff. "ScoreBig does this in a manner that protects full price sales of entertainment brands, while also providing tremendous value for the consumer." ScoreBig has now raised nearly $50 million in venture capital funding.

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