LONDON (PRWEB) August 6, 2007
viagogo (http://www.viagogo.com), Europe's leading secondary ticketing company, today announced a $30 million Series C round of funding from existing investors such as Index Ventures, LVMH Chairman Bernard Arnault, German media mogul Dr. Herbert Kloiber, and international financier Lord Jacob Rothschild via his family's interests, New individual investors will also join the round. The capital will be used to support continued global expansion and further reinforce viagogo's position as Europe's leading secondary ticketing company.
Eric Baker, founder and CEO of viagogo said, "There is massive potential to build a global secondary ticketing market, and viagogo is the company to do it. While existing secondary ticket providers are content with their limited scope, we are thinking bigger, and the continued support of our investors makes that possible."
viagogo also announced today that the company has entered the U.S. market with a deal to be the exclusive secondary ticketing provider for the Cleveland Browns NFL team. viagogo will also allow fans to trade tickets for live events throughout the U.S., including concerts, sporting events, and Broadway shows.
Danny Rimer, general partner at Index Ventures said, "The U.S. secondary ticketing market is stagnant; innovation both on the service side and the consumer experience side has stalled. As co-founder of Stubhub, Eric and his team understand this market implicitly and are well-positioned to capitalize on this opportunity. viagogo has quickly become the leader in Europe and is now poised to disrupt the U.S. market."
In just under one year, viagogo has revolutionized the secondary ticket market in Europe by securing premier partnerships with leading soccer teams, including Manchester United, Chelsea FC, and FC Bayern Munich, as well as many other sports and entertainment organizations like Warner Music Group and NBA Europe. The company generated more income in June, its tenth month in operation, than StubHub did in its first 15 months combined.
viagogo is a London-based online secondary ticket exchange that allows people to buy and sell live event tickets in a safe and secure environment. viagogo launched in Europe in August 2006 and is led by CEO Eric Baker, co-founder of StubHub.com, a leading online secondary ticketing company that was acquired in March 2007 by eBay for $307 million. viagogo has rapidly grown to become the leading secondary ticket provider in Europe and is the official secondary ticketing partner of European soccer clubs Chelsea FC, Manchester United FC, Everton FC, and FC Bayern Munich, as well as Rugby Union clubs Leicester Tigers and London Wasps. Among other deals, viagogo has also signed partnerships with lastminute.com, Europe's leading independent online travel and leisure group as well as major global music companies like Warner Music International, artists such as Peter Gabriel and charities such as Amnesty International and Linkin Park's charity Music for Relief. viagogo was also the only European company to launch an application on Facebook Platform at it's launch in May 2007.
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