60 million for Eventbrite
Ticketing and registration platform Eventbrite raises $60 million in growth capital.
The funds, according to Fortune, will be used for further international expansion and product development. If you tally in previous funding rounds, Eventbrite has raised a total of $200 million via angel investors.
The news comes as a surprise, as it was assumed that Eventbrite would file for its IPO this year. After these recent funding rounds, however, that will be deferred for a year.
"Eventbrite is a fast-growing company focused on building the largest marketplace for events in the world", said the company, in a statement to Fortune confirming the investment (albeit not the dollar amounts). "We are fortunate to have such supportive and engaged investors, and after working together and getting more insight into our business and traction, Tiger Global and T. Rowe Price proactively approached us about increasing their investment. As a responsible, global startup in hypergrowth, we recognize the importance of having an appropriate level of invested capital to execute our growth strategy and control our destiny. For these reasons, we chose to accept the the funding."16-03-2014