Total amount raised
$557.3 Millions
Latest funding date
5/1/2020
Location
Eventbrite has successfully raised significant funding through multiple rounds, attracting a diverse group of investors. The platform offers comprehensive solutions for discovering, creating, and managing events across various industries.
Keep reading to explore the intricacies of Eventbrite's fundraising journey and the investors backing this innovative platform.
What Is Eventbrite?
Eventbrite, founded in 2006, is based in San Francisco, California. The company was established by Julia Hartz, Kevin Hartz, and Renaud Visage.
Eventbrite offers a platform for discovering, creating, and managing events. It provides tools for ticketing, registration, and event promotion, catering to a wide range of industries and event types.
With a workforce of 501-1000 employees, Eventbrite continues to innovate in the event management space, helping users plan and execute successful events.
How Much Funding Has Eventbrite Raised?
- Series A
- Amount Raised: Not publicly disclosed
- Date: June 2008
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the platform and expand initial operations.
- Debt Financing
- Amount Raised: $1.5M
- Date: December 2008
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational costs and early growth.
- Series C
- Amount Raised: $6.5M
- Date: November 2009
- Lead Investors: Sequoia Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the platform and enhance technology.
- Series D
- Amount Raised: $20M
- Date: October 2010
- Lead Investors: DAG Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and improve user experience.
- Series E
- Amount Raised: $50M
- Date: May 2011
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and enter new markets.
- Series F
- Amount Raised: $60M
- Date: April 2013
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand global presence and enhance platform features.
- Private Equity Round
- Amount Raised: $60M
- Date: March 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support strategic acquisitions and technology development.
- Series G
- Amount Raised: $134M
- Date: September 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To prepare for IPO and expand product offerings.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: March 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity for early investors and employees.
- Post-IPO Equity
- Amount Raised: $225M
- Date: May 2020
- Lead Investors: Francisco Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To navigate the financial impact of the COVID-19 pandemic.
Total Amount Raised: $556M. Current Valuation: Not publicly disclosed.
Key Investors
- Francisco Partners
- Details: Francisco Partners is a leading global private equity firm that specializes in investments in technology and technology-enabled businesses. They have a strong track record of helping companies grow and innovate.
- Investment Focus Areas: Technology, technology-enabled services, software.
- Notable Investments: BeyondTrust, Redis Labs, Verifone.
- Tiger Global Management
- Details: Tiger Global Management is an investment firm that focuses on public and private companies in the global Internet, software, consumer, and financial technology industries. They are known for their aggressive investment strategies.
- Investment Focus Areas: Internet, software, consumer, financial technology.
- Notable Investments: Facebook, LinkedIn, Spotify.
- Sequoia Capital
- Details: Sequoia Capital is a venture capital firm that partners with founders to build enduring companies. They have a long history of investing in early-stage startups and helping them scale.
- Investment Focus Areas: Technology, healthcare, consumer.
- Notable Investments: Apple, Google, Airbnb.
- DAG Ventures
- Details: DAG Ventures is a venture capital firm that invests in early and growth-stage technology companies. They focus on companies with strong growth potential and innovative solutions.
- Investment Focus Areas: Technology, healthcare, consumer internet.
- Notable Investments: Yelp, Glassdoor, Nextdoor.
- Employee Stock Option Fund
- Details: The Employee Stock Option Fund provides liquidity to employees of private companies by purchasing their stock options. They help employees realize the value of their stock options without waiting for an IPO or acquisition.
- Investment Focus Areas: Employee stock options.
- Notable Investments: Not publicly disclosed.
What's Next for Eventbrite?
Eventbrite's recent $225 million funding from Francisco Partners opens up vast opportunities for enhancing its self-service ticketing and experience technology platform. This substantial investment positions Eventbrite to capitalize on the growing demand for both virtual and in-person events, a trend that has accelerated in recent years.
With this financial boost, Eventbrite is well-placed to attract further investments, potentially leading to additional funding rounds or strategic acquisitions. However, the company must navigate challenges such as intense competition in the ticketing industry and the need to continuously innovate to meet evolving consumer expectations.
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