Total amount raised
$71.6 Millions
Latest funding date
5/1/2022
Location
Gametime has successfully raised significant funding over multiple rounds, establishing itself as a key player in the last-minute ticketing market. The platform specializes in offering last-minute tickets for sports, music, comedy, and theater events, ensuring users get the best deals on great seats.
Keep reading to explore the intricacies of Gametime's fundraising journey and the investors backing this innovative platform.
What Is Gametime?
Gametime, founded in 2013, is a platform that specializes in selling last-minute tickets for sports, music, and theater events. The company was established in San Francisco by Brad Griffith and Colin Evans.
With a focus on providing users with the best deals on great seats, Gametime has grown to employ a dedicated team of professionals. The platform is known for its user-friendly interface and features like no hidden fees and lowest price guarantees.
Gametime continues to innovate in the ticketing industry, ensuring that fans can easily access tickets to their favorite events at the last minute.
How Much Funding Has Gametime Raised?
- Pre-Seed Round
- Amount Raised: $100K
- Date: July 2013
- Lead Investors: Techstars
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of the platform.
- Seed Round
- Amount Raised: $4M
- Date: September 2014
- Lead Investors: Accel, Havoc
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Series A
- Amount Raised: $9.3M
- Date: May 2015
- Lead Investors: Accel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance the platform's features.
- Series B
- Amount Raised: $20M
- Date: September 2016
- Lead Investors: Evolution Media
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and improve user experience.
- Venture Round
- Amount Raised: $8.2M
- Date: September 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and platform enhancements.
- Series C
- Amount Raised: $30M
- Date: May 2022
- Lead Investors: Nimble Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate product development and expand reach to younger ticket-buyers.
Total Amount Raised: $71.6M. Current Valuation: Not publicly disclosed.
Key Investors
- Nimble Partners
- Details: Nimble Partners is a venture capital firm that led Gametime's Series C funding round. The firm includes notable investors like John Burbank, owner of the Golden State Warriors.
- Investment Focus Areas: Technology, sports, entertainment.
- Notable Investments: Not publicly disclosed.
- Accel
- Details: Accel is a global venture capital firm known for investing in early and growth-stage technology companies. They participated in multiple funding rounds for Gametime.
- Investment Focus Areas: Technology, consumer services, enterprise software.
- Notable Investments: Facebook, Dropbox, Slack.
- GV (formerly Google Ventures)
- Details: GV is the venture capital investment arm of Alphabet Inc., focusing on technology and life sciences. They have been involved in Gametime's funding rounds.
- Investment Focus Areas: Technology, life sciences, clean energy.
- Notable Investments: Uber, Nest, Slack.
- Jeff Mallett
- Details: Jeff Mallett is the principal partner of the San Francisco Giants and co-owner of the Vancouver Whitecaps. He has been a significant individual investor in Gametime.
- Investment Focus Areas: Sports, entertainment.
- Notable Investments: San Francisco Giants, Vancouver Whitecaps.
- Bolt Ventures
- Details: Bolt Ventures is led by David Blitzer, co-managing partner and minority owner of the Philadelphia 76ers and New Jersey Devils. They participated in Gametime's funding rounds.
- Investment Focus Areas: Sports, entertainment.
- Notable Investments: Philadelphia 76ers, New Jersey Devils.
What's Next for Gametime?
Gametime is poised to capitalize on the booming demand for live events, with opportunities to enhance its platform and attract younger ticket buyers. The recent $30 million funding round will accelerate product development and expand market reach, positioning Gametime to potentially exceed $500 million in sales this year.
Future fundraising opportunities seem promising as the company continues to grow and demonstrate increased market penetration. However, challenges such as competition from other ticketing platforms and maintaining a user-friendly experience will need to be navigated carefully. The evolving landscape of live entertainment presents both opportunities and hurdles for Gametime's continued success.
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