What is TicketIQ?
TicketIQ operates with the mission to inject full transparency into the ticket market. The company achieves this by aggregating supply sources from both secondary and primary marketplaces, including platforms like SeatSmart, the NFL, NHL, and NBA Ticket Exchange, alongside primary ticket providers such as Telecharge, Ticketmaster, SeatGeek, and Eventbrite. TicketIQ's reach extends through its website and a highly-rated mobile application, available on both the Apple App Store and Google Play. The company also collaborates directly with over 50 professional sports teams and event organizers to enhance digital marketing and distribution strategies, aiming to optimize margins and deliver unique consumer products.
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 Stonehenge Capital, Azoic Ventures, and MediaMath
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
Stonehenge Capital
Stonehenge Capital, established in 1999, is a firm specializing in tax-credit services, venture capital, and investment, based in Tampa, FL.
Azoic Ventures
Azoic Ventures is an early-stage investment firm based in Fort Lauderdale, focusing on providing funding and operational support to startups and early-stage companies across various industries, with a notable emphasis on digital media and marketing technology.
MediaMath
MediaMath, founded in 2007 and headquartered in New York City, provides technology and services designed to help brands and agencies achieve business outcomes through marketing initiatives.
What's next for TicketIQ?
The recent major strategic investment in TicketIQ signals a pivotal growth phase for the company. This capital infusion is likely to fuel further development of its transparent ticketing platform, potentially expanding its market reach and enhancing its technological capabilities. Strategic partnerships and acquisitions may also be on the horizon as TicketIQ solidifies its position in the competitive ticketing landscape. The company's focus on optimizing margins for rights holders and providing differentiated products to consumers positions it for sustained growth and market leadership.
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