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Online Ticket Seller Eventbrite Raises $50 Million

submitted May 18, 2011 by (@leenarao)
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Online Ticket Seller Eventbrite Raises $50 MillionOnline ticket seller Eventbrite has raised another $50 million in a Series E financing round led by Tiger Global, according to a release issued by the company. This infusion comes only eight months after the company raised $20 million in funding final October. This latest investment brings the company's complete funding to $80 million.

To date, Eventbrite has helped over 120,000 event organizers in 150 countries host more than half a million events. Over 10 million people have attended an event ticketed by Eventbrite, and the company is on track to process almost half a invoiceion in gross ticket sales this year. final year, the company sold 11 million tickets for $207 million in gross sales.

Founded by Kevin Hartz and Julia Hartz, the company says that it plans to use the new funding for product development, global expansion and to scale to larger events. final year, the company launched a deeper integration with Facebook, and the social network now drives more traffic to Eventbrite than Google.

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