viagogo – series a
Viagogo Raises $15 million Round And Signs Tennis Stars To Battle Seatwave
So Viagogo has raised another $15 million and hooked in former tennis champions Andre Agassi and Steffi Graf both as board members / investors as well as advisors to help it push its secondary ticketing market into Europe. The funding now gives it $70 million of external investment. That’s some war-chest.
Agassi and Graf invested in the common-stock round alongside existing shareholders Index Ventures, Bernard Arnault, the chairman of LVMH Moët Hennessy Louis Vuitton SA; German media mogul Herbert Kloiber; and international financier Jacob Rothschild, via his family’s interests. The new funding values Viagogo at more than $300 million, although I hear from sources that they were aiming for a $30 million round.
The company currently serves ticket seekers in the U.S., U.K., France, Germany and the Netherlands. Founder Eric Baker says Viagogo has annual sales close to a $100 million annually and expects those figures to double or triple this year. Viagogo, which charges buyers a 10% fee…
Source: techcrunch.com
Share viagogo – series aA pretty crowded and overfunded area in the US but not in Europe. It was reported that the post money value is $300m, that is a little steep for QV, but in any case we wish them well.
