What is TicketIQ?
TicketIQ operates with the mission to revolutionize the ticket market by providing unparalleled transparency. The company connects consumers with a vast array of supply sources across both secondary and primary ticket marketplaces. This includes partnerships with platforms such as SeatSmart, the NFL, NHL, and NBA Ticket Exchange, as well as primary ticketing services like Telecharge, Ticketmaster, SeatGeek, and Eventbrite. TicketIQ enhances its reach through its website and a highly-rated mobile application, available on both the Apple App Store and Google Play. The company actively collaborates with over 50 professional rights holders to optimize digital marketing and distribution strategies, aiming to improve margins for events and deliver unique products directly to fans.
How much funding has TicketIQ raised?
TicketIQ has raised a total of $10.5M across 5 funding rounds:
Series A
$1.7M
Debt
$1.8M
Debt
$850K
Private Equity
$5M
Private Equity
$1.1M
Series A (2011): $1.7M, investors not publicly disclosed
Debt (2013): $1.8M led by MediaMath, Stonehenge Capital, and Azoic Ventures
Debt (2015): $850K, investors not publicly disclosed
Private Equity (2016): $5M, investors not publicly disclosed
Private Equity (2016): $1.1M, investors not publicly disclosed
Key Investors in TicketIQ
MediaMath
MediaMath, founded in 2007, is a technology and services provider focused on helping brands and agencies achieve business outcomes through marketing initiatives.
Stonehenge Capital
Stonehenge Capital, established in 1999, is an investment firm specializing in tax-credit services and venture capital.
Azoic Ventures
Azoic Ventures is an early-stage investment firm based in Fort Lauderdale, focusing on digital media, marketing technology, digital applications, and healthcare, providing funding and operational support.
What's next for TicketIQ?
The substantial enterprise-level funding positions TicketIQ for significant scaling and market expansion. This strategic investment is likely to fuel advancements in its technology, broaden its partnership network within the sports and entertainment industries, and enhance its marketing efforts to capture a larger share of the ticket market. Future developments may include deeper integration with primary ticketing platforms and the introduction of innovative features to further solidify its commitment to transparency and fan engagement. The company's focus on optimizing event margins and direct-to-consumer offerings suggests a strategic push towards becoming an indispensable tool for both rights holders and ticket purchasers.
See full TicketIQ company page
