Written by S. Monteban    Friday, 15 October 2010 06:50   
Seatgeek Secures Half a Million in VC - Cuts Deal with WSJ

altSeatgeek confirmed to Techcrunch they have not only secured over half a million dollars in funding but also cut a rev-share affiliation deal with the Wall Street Journal this week.

Under the terms of the agreement, the Sports and Local sections of WSJ.com  will soon feature ticketing links provided by SeatGeek, giving readers one click access to the best deals in sporting and concert events. This should give SeatGeek some nice exposure.

The additional $550,000 raised from its existing investors brings SeatGeek’s total to $2 million and will be used to grow SeatGeek’s product and engineering teams



 

“The Wall Street Journal has the widest circulation of any newspaper nationwide, and has built a dedicated reader base on WSJ.com,” Russ D’Souza, co-founder of SeatGeek, told VentureBeat.  “This partnership will create a seamless experience for readers to explore events near them while quickly and easily purchasing tickets at the best price.”

SeatGeek said it will use the cash to build up its product and engineering teams. That money will be much-needed as the startup continues to grow. It recently revamped its website, with a newly redesigned home page, venue maps that allow fans to zoom in and find seats at the best prices, and a concerts page which now lists 10,000 of the most-searched for concerts.

The funding came from a consortium of previous backers PKS Capital, Founder Collective, Stage One Capital, Trisiras Group and angel investors Mark Wachen, Thomas Lehrman, Sunil Hirani, Allen Levinson and Arie Abecassis.

”SeatGeek has a strong vision of how to tap into the multi-billion dollar secondary ticket market,” said David Frankel, managing partner of Founder Collective. “Their service is really streamlining the event ticket buying process for consumers and the SeatGeek management team is executing impressively.”


 

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