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Seatwave raises $17 million in series D financing Accel Partners leads fourth round in Europe's fastest growing digital media company as co-founder rejoins Seatwave board June 1, 2009 Seatwave, Europe's largest fan-to-fan ticket exchange (comScore, April 2009), has announced it has raised $17 million in fourth round Series D funding led by Accel Partners. Accel Partners is joined by existing investors Fidelity Ventures, Atlas Venture, Mangrove Capital Partners and Adinvest. Sonali De Rycker, who helped to found the company while at Atlas Venture, returns to the Seatwave board as part of Accel's investment. Over the past three years, Seatwave has pioneered the European ticket exchange category and established itself as a trusted consumer brand in the entertainment space. The company continues its core mission of providing safe and rationally priced tickets for fans of live music, sport, arts and a host of activities. Seatwave operates local businesses in the UK, Germany, Spain, Italy and the Netherlands. The company has seen revenue rise 2,203% in the past three years and it was, this month, named the fastest growing digital company in Europe (GP Bullhound Media Momentum Awards 2009). Market statistics show there is a widening gap between Seatwave and its competitors with comScore confirming Seatwave's position as Europe's largest ticket exchange, with just over 1.9 million unique users (comScore, April 2009). Joe Cohen, founder and cheif executive of Seatwave, commented: "In a short space of time, we've been able to carve out a great position in the live entertainment space across Europe. We're excited that Accel decided to support our next phase of growth, and we're particularly happy to have Sonali back on the team." Commenting on the investment, Sonali De Rycker from Accel Partenrs said: " We like to partner with talented and ambitious management teams building category-leading businesses. As the live entertainment business has evolved, Seatwave has captured an enviable leadership position. We believe Seatwave's management team will continue to redefine the market, as our goal is to help them build on their current momentum." The company plans to use the proceeds of the funding for general corporate purposes and continued geographic expansion of its award-winning consumer service.

Seatwave raises $17 million in series D financing

Accel Partners leads fourth round in Europe's fastest growing digital media company as co-founder rejoins Seatwave board

June 1, 2009

Seatwave, Europe's largest fan-to-fan ticket exchange (comScore, April 2009), has announced it has raised $17 million in fourth round Series D funding led by Accel Partners. Accel Partners is joined by existing investors Fidelity Ventures, Atlas Venture, Mangrove Capital Partners and Adinvest. Sonali De Rycker, who helped to found the company while at Atlas Venture, returns to the Seatwave board as part of Accel's investment.

Over the past three years, Seatwave has pioneered the European ticket exchange category and established itself as a trusted consumer brand in the entertainment space. The company continues its core mission of providing safe and rationally priced tickets for fans of live music, sport, arts and a host of activities. Seatwave operates local businesses in the UK, Germany, Spain, Italy and the Netherlands.

The company has seen revenue rise 2,203% in the past three years and it was, this month, named the fastest growing digital company in Europe (GP Bullhound Media Momentum Awards 2009). Market statistics show there is a widening gap between Seatwave and its competitors with comScore confirming Seatwave's position as Europe's largest ticket exchange, with just over 1.9 million unique users (comScore, April 2009).

Joe Cohen, founder and cheif executive of Seatwave, commented: "In a short space of time, we've been able to carve out a great position in the live entertainment space across Europe. We're excited that Accel decided to support our next phase of growth, and we're particularly happy to have Sonali back on the team."

Commenting on the investment, Sonali De Rycker from Accel Partenrs said: " We like to partner with talented and ambitious management teams building category-leading businesses. As the live entertainment business has evolved, Seatwave has captured an enviable leadership position. We believe Seatwave's management team will continue to redefine the market, as our goal is to help them build on their current momentum."

The company plans to use the proceeds of the funding for general corporate purposes and continued geographic expansion of its award-winning consumer service.