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| Seatgeek Secures Half a Million in VC - Cuts Deal with WSJ |
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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 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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