Tuesday, April 26, 2011

Ticketfly raises $12MM Series B funding

-Ticketfly, the fastest growing social ticketing company in the U.S., today announced $12 million in Series B funding, bringing Ticketfly's total capital raised to $15 million.
-The round was led by Mohr Davidow Ventures with participation from existing investors, including High Peaks Venture Partners, Contour Venture Partners and angel investors Roger Ehrenberg and Howard Lindzon.
-The proceeds from the financing will make Ticketfly an even greater force in social ticketing and enable the company to accelerate its already meteoric growth.
-Designed for promoters and venues in need of advanced tools to solve multiple, enterprise-level problems, the Ticketfly platform automates the time-consuming tasks associated with event creation and marketing, and provides rich data analytics.
-The financing comes on the heels of the company's release of several industry-leading features including an artist database, with records for over 70,000 artists, and an integrated email marketing module.
-Hundreds of the leading music venues and event promoters in the U.S. have chosen Ticketfly to power their social ticketing needs, including the 9:30 Club, Merriweather Post Pavilion, Outback Concerts, Knitting Factory Entertainment, Baltimore Grand Prix, Monqui Presents, Guerilla Union, The Independent, R5 Productions, Austin City Limits Live, Troubadour and the Brooklyn Bowl.

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