What is GeoTix?
Founded in 2015, GeoTix specializes in enabling media companies to generate new, non-advertising revenue streams. Their platform facilitates local event discovery and ticket purchases, effectively removing national ticket sellers from the sales process. This empowers media organizations to deepen audience connections, demonstrate community commitment, and leverage existing content to create new income opportunities. The benefits for these media partners include increased revenue, enhanced brand building, higher website traffic, and strengthened community relationships.
How much funding has GeoTix raised?
GeoTix has raised a total of $1M across 1 funding round:
Private Equity
$1M
Private Equity (2017): $1M with participation from Boomerang Catapult
Key Investors in GeoTix
Boomerang Catapult
Boomerang Catapult is an investment firm focused on supporting and growing technology-based companies, particularly in the Northern Michigan area. They aim to create high economic value through intellectually intensive efforts and to export these innovations globally.
What's next for GeoTix?
The substantial enterprise-level funding GeoTix has garnered, particularly the recent strategic investment, signals a phase of significant growth and market penetration. This capital infusion is likely to fuel further development of their SaaS platform, expansion into new media markets, and enhancement of their sales and marketing efforts. The company's focus on empowering local media with direct revenue generation tools positions it favorably to capitalize on the evolving digital media landscape and the increasing demand for community-centric content.
See full GeoTix company page
