| Type | Private |
|---|---|
| Founded | New York City, New York, USA |
| Headquarters | New York City, New York, United States |
| Area served | Worldwide |
| Key people | Russell D'Souza Jack Groetzinger |
| Employees | 14 |
| Website | http://seatgeek.com |
| Type of site | Ticket Search |
| Available in | English |
| Launched | September 14, 2009 |
| Current status | Active |
SeatGeek (http://seatgeek.com) is a website that provides search and price forecasting for consumers purchasing sports, concert, and theater tickets on the secondary ticket market. SeatGeek mines millions of ticket transactions from major secondary ticket markets like Stubhub, Ticketnetwork, TicketsNow, Razorgator and more, and uses this data to forecast whether ticket prices will rise or fall over time.
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SeatGeek is a powerful ticket search engine that aggregates ticket listings from secondary ticket markets, enabling users to find the best deal for a particular sports game, concert, and many other events. Tickets are displayed on interactive seating maps and are color coded, using the company's DealScore algorithm to show consumers where to find the best seats at the best price.
Dubbed by the press as the "Farecast of sports and concert tickets," SeatGeek's service has parallels to Farecast, an airline ticket aggregation and forecasting site purchased by Microsoft for $115 MM in 2008.[1]
SeatGeek was founded by Russell D'Souza and Jack Groetzinger out of DreamIT Ventures, an early stage startup accelerator program in Philadelphia and launched in September 2009 at TechCrunch50 where is was named by VentureBeat and CNET as one of the top 5 companies from the conference.[2]
May, 2009: SeatGeek received $20k in seed funding from DreamIT Ventures.[3]
January, 2010: SeatGeek received between $500k and $1M in seed funding from Sunil Hirani, Mark Wachen, Arie Abecassis, Allen Levinson, Stage One Capital, Trisiras Group, PKS Capital.[4]
July 2010: SeatGeek received $1M in Series A funding from Founder Collective and NYC Seed. [5] Later, in October 2010 the Series A investors invested an additional $550k into the company.[6]
February 2011: SeatGeek announced a strategic investment from Ashton Kutcher and Guy Oseary through their fund A-Grade investments. The amount of the financing was not disclosed.[7]
February 2010: SeatGeek was named a "Technical Achievement" finalist in the South by Southwest's (SXSW) 2010 Web Awards.[8]
August 2010: SeatGeek was named in PC Magazine's "The Top 100 Web Sites of 2010".[9]
September 2010: SeatGeek founders Russell D'Souza and Jack Groetzinger were named in Bloomberg Businessweek's "America's Best Young Entrepreneurs 2010."[10]
October 2010: SeatGeek was named in Business Insider's "The Silicon Alley 100: New York's Coolest Tech People In 2010"[11]