Watch out, Ticketmaster: SeatGeek spends $56 million on TopTix

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Watch out, Ticketmaster: SeatGeek spends $56 million on TopTix

Watch out, Ticketmaster: SeatGeek spends $56 million on TopTix

SeatGeek is serious about defeating Ticketmaster.*

The ticketing platform just spent $56 million on the ticketing tech company TopTix. SeatGeek paid for that acquisition by raising $57 million in its own ****** D funding round. Before this round, SeatGeek had already raised over $100 million in funding.*

TopTix is an Israeli company, and a lot of its tech**logy is used internationally. The tech company handles ticketing for 500 teams and institutions in 16 countries including the Netherlands National Soccer Team and Buckingham Palace.*

SeatGeek will use that tech**logy to continue to grow in primary ticketing — like Ticketmaster — rather than secondary, or resale, ticketing. The company called the acquisition a "major move that instantly makes SeatGeek one of the largest primary ticketers in the world."* Read more...

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