What is ScoreBig?
ScoreBig operates within the live entertainment sector, specializing in a unique niche: the resale and liquidation of excess ticket inventory. The company aims to provide a platform for consumers to access tickets for sports, concerts, theater, and other events, often at a discount, by efficiently managing and selling undersold inventory. This business model addresses both consumer demand for affordable event access and the challenge faced by event organizers and ticket vendors in managing unsold seats.
How much funding has ScoreBig raised?
ScoreBig has raised a total of $64.6M across 9 funding rounds:
Private Equity
$2.4M
Series A
$5M
Series B
$14.1M
Private Equity
$1.1M
Series C
$10M
Debt
$2.5M
Series D
$17M
Debt
$6M
Debt
$6.5M
Private Equity (2009): $2.4M, investors not publicly disclosed
Series A (2010): $5M led by Bain Capital Ventures
Series B (2011): $14.1M supported by Bain Capital Ventures and U.S. Venture Partners
Private Equity (2013): $1.2M, investors not publicly disclosed
Series C (2013): $10M, investors not publicly disclosed
Debt (2014): $2.5M, investors not publicly disclosed
Series D (2014): $17M, investors not publicly disclosed
Debt (2015): $6M, investors not publicly disclosed
Debt (2016): $6.5M, investors not publicly disclosed
Key Investors in ScoreBig
Bain Capital Ventures
Bain Capital Ventures is a prominent venture capital firm with a broad investment platform across private equity, growth, and venture capital. They specialize in identifying and supporting transformative companies, leveraging deep sector expertise and a global network to drive innovation and exceptional outcomes.
U.S. Venture Partners
U.S. Venture Partners (USVP) is a leading Silicon Valley venture capital firm focused on early-stage investments in sectors like cybersecurity, enterprise software, consumer products, and healthcare. They partner with entrepreneurs to build market-leading companies.
What's next for ScoreBig?
With the recent major strategic investment, ScoreBig is poised for accelerated growth and potential market consolidation. The company's focus on optimizing ticket inventory management and sales suggests a strategy geared towards enhancing its platform's reach and efficiency. Future developments may include expanding partnerships with event organizers, refining its pricing and liquidation algorithms, and potentially exploring new verticals within the broader entertainment and ticketing industry. The ongoing capital backing indicates investor confidence in ScoreBig's business model and its capacity to capture a larger share of the secondary ticketing market.
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