Eventbrite Closes First Financing to Accelerate Growth
Webs Largest Event Management & Ticketing Site also Launches Next Generation Services to Support Business Momentum
June 2nd, 2008: San Francisco, CA - Eventbrite.com, the leading self-service online event management and ticketing site, today announced it has secured its first round of external financing led by The European Founders Fund. Eventbrite, a profitable company, plans to scale its business with the new capital.
"To date, we've experienced tremendous organic growth with very limited resources." said Kevin Hartz, Co-Founder and CEO of Eventbrite. "We are in a great position now to rapidly scale our business to capture this massive untapped e-commerce market."
Eventbrite has grown to become the largest event management and self-service ticketing site on the Internet. Thousands of event holders of all sizes and types use the Eventbrite Platform to publish, promote and sell out their events.
"We wanted to invest in Eventbrite because we see the enormous potential of the Eventbrite Platform," said Oliver Samwer, founder, EFF. "We see many parallels between Alando (now eBay Germany) and Eventbrite. Alando provided a platform for the sellers, just as Eventbrite provides a platform for event holders."
Eventbrite also re-launched its service. Complete with a robust assortment of features and tools, the new Eventbrite.com makes it easier than ever for anyone to host a successful event.
Eventbrite is a self-service event planning website that empowers event holders with all the tools they need to publish, promote and sell tickets to their events. Eventbrite users enjoy higher attendance rates for their events and increased revenue. Eventbrite is based in San Francisco, California, and serves event organizers around the world. For more information about Eventbrite, please visit: http://www.eventbrite.com
About the European Founders Fund -- European Founders Fund (EFF) is a German investment group led by the Samwer brothers who are responsible for some of the most successful Internet companies in Europe, including Alando (acquired by eBay) and Jamba! (acquired by VeriSign/Newscorp). The Samwer brothers have also invested in leading U.S. technology companies including Facebook and LinkedIn.
Contact: Tamara Mendelsohn, Community Manager, Eventbrite at press [at] eventbrite.com.