Ticketfly raises $50M in Funding Round
July 16, 2015
PUBLISHED BY Coral Williamson
SOURCE Music Week
Software company Ticketfly has closed a Series D financing round, raising $50 million.
The round was led by Riverwood Capital, a globally-focused private equity firm that invests in fast-growing, late-stage technology companies.
Ticketfly plans to use the funds to accelerate development of its cloud-based live events platform, including new products and services for its existing client base. The financing will also fuel the company’s move upstream into larger facilities, its expansion globally and into adjacent verticals, and a reimagined event-going experience for fans. The company’s total funding to date is now $85m.
Andrew Dreskin (pictured), co-founder and CEO of Ticketfly, said: “I’m excited to welcome the Riverwood team to the Ticketfly family. 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. Technology has forever changed how we listen to music today, but we’ve only scratched the surface of how it can transform live events, for both promoters and fans.”
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