SundayTimes brings home the good news: the team is back together! Sonali de Rycker, my former partner in crime, is back on the Seatwave board as lead investor on the Series D financing for Seatwave. Together with Mangrove Capital Partners, Fidelity Ventures and Adinvest, we are adding $17 million to the balance sheet. I am not saying we are the Harlem Globe Trotters of venture here or anything, but it's simply great to be back with Sonali on a project we have been working on together for over 3 years and for which she provided the original impetus.
<--- Sonali (as seen by Esther Dyson)
Seatwave is the #1 European live events ticket exchange. Its success was and continues to be built on a laser-sharp focus on music, theatre and sports fans, hence the tagline of "fan-to-fan ticket exchange". So far this company has been a case study in great entrepreneurship by the management team led by Joe Cohen. Long may it continue. The company raised seed and Series A funding from Atlas Venture (as a co-creation project), then went on to raise $8M from Mangrove and later $25M led by Fidelity Ventures. Atlas Venture is the largest shareholder and contributed significantly to this round.
And here is, for your viewing pleasure, the complete investor group waiting for the Seatwave Tour Bus. As you can see, Joe is in good hands.
No news from Seatwave in quite some time. How is the company faring?
Posted by: Peter M. | August 03, 2010 at 11:05 AM