Ticketfly has raised $50 million in Series D funding, bringing the company’s total funding to $85 million.
The round was led by Riverwood Capital. RBC Capital Markets is the exclusive placement agent for the funding. Ticketfly “expects” the following previous investors to participate: Mohr Davidow Ventures, Sapphire Ventures, Cross Creek Capital, Northgate Capital, Primary Ventures (formerly High Peaks Venture Partners), and Contour Venture Partners.
Ticketfly will use the money to accelerate their online live event platform. This makes sense, considering Ticketfly acquired Willcall less than a year ago. At its core, Ticketfly is ultimately pursuing a smarter, more flexible and more social ticketing platform that challenges the Ticketmaster behemoth.
Ticketfly will also move to larger offices, expand globally, and move into other verticals.
The platform recently passed $1 billion in cumulative gross sales.
Image by Pictures of Money, licensed under Creative Commons 2.0 Generic (CC by 2.o).
Nina Ulloa covers breaking news, tech, and more: @nine_u