Seatwave, a company where I am a board observer together with the Atlas board member Sonali de Rycker, has just raised a $25M round led by Fidelity and joined by new investor Holtzbrinck. All other existing investors, including Mangrove, Oliver Jung and of course Atlas also joined the round.
Seatwave even likes kids drawing about crappy German bands. Check out the Tokyo Hotel blog.
Seatwave is an extraordinary company in many respects. Not only did Atlas actually seed Seatwave, bringing together star CEO Joe Cohen, the idea and the initial capital. But its development has been both lightning fast as well as surprisingly organic. With a large part of its ticket transactions going fan-to-fan, Seatwave is truly making a previously grey and intransparent market much more democratic. A cleaner, lighter place, really.
Having now entered Germany, not least with an exclusive StudiVZ deal brokered by Holtzbrinck, we are looking forward to repeating the UK success story many times over in Europe. The site is already live in the Netherlands, Spain and Italy.
From Alexisonfire to Verdi, you’ll find pretty much every event ticket on Seatwave.
More voices around the web:
- from Atlas Venture partner “if I am HNIC he is whitey” Fred Destin with a very nice take on some competitor called Viagogo (who?)
- the Telegraph
- Techcrunch UK | Mike Butcher
- Techcrunch US (Mike, please hit Duncan for using scalper in the headline…)
- Mashable
- PE Week Wire | Dan Primack
3 Comments
heh, can’t control these bloggers eh ;-)
Max the sooner you face the facts there better: you are a “speculator” funding “scalpers” (Seatwave) or “pirates” (DailyMotion). Wilkommen zur Dunkle Seite der Macht !
just wait for my new thing… “loan sharks” at JustPayLater.com :)