SeatGeek

growth-positive

SeatGeek has acquired Israeli ticketing software company TopTix for $56 million. The acquisition was financed by a $57 million Series D investment round led by Glynn Capital. TopTix, which processes 80 million tickets annually in 16 countries, will continue operating as a subsidiary of SeatGeek. The acquisition will power the expansion of SeatGeeks primary ticketing platform, SeatGeek Open, which allows artists and teams to sell tickets directly within other apps and websites. The technology has already helped Sporting KC increase online sales by 61 percent compared to last season. TopTix will continue to serve its 500 clients, including the Royal Dutch Football Association and many English soccer clubs.

growth-positive

SeatGeek, a leading ticket search engine, has raised $35 million in Series B funding led by Accel Capital, with participation from notable investors including athletes Peyton and Eli Manning, and musician Nas. The funding aims to enhance SeatGeeks mobile apps, which account for a significant portion of its traffic and transactions, and to expand marketing efforts. The company, which launched in 2009, expects to drive significant ticket sales this year. The investment will help SeatGeek improve its Android app and scale its user acquisition strategy. The company focuses on both sports and music events, aiming to broaden the audience for events.