Viagogo raises $30 million funding, enters US market
UK-based online ticket reseller Viagogo has raised $30 million in third-round funding lead by Index Ventures, LVMH chairman Arnault, German media guy Herbert Kloibel and financier Jacob Rothschild.
Raising a total of $50M in VC funding, Viagogo continues to expand on its mission to allow consumers to buy and sell live event tickets in a safe and secured way. Currently, Viagogo has successfully partnered with world-class organizations, sports clubs, and charities. Among these are Chelsea, Manchester United, Warner Music, and Amnesty International.
Viagogo plans to use the amount raised to expand their reach to the US market. Indeed, more and more UK startups are entering the US online scene. Let’s see where Vigogo will put all this money.
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- ShopIt raises $2.5 million in funding to carry company until 2010
- TicketLeap raises $2 million funding
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I think it’s very odd how the majority of football fans in the UK are constantly complaing about ticket prices, and acting like there’s no way out of the dark tunnel of corporate expansion into their sacred world, when all around them the changing face of secondary ticketing is rebelling against that hated system and threatening to once more bring some satisfaction to the masses. Hopefully, the clubs’ stranglehold will be voluntarily relaxed, and the price of a second-hand match ticket will be drastically reduced. The internet is forcing big changes in the football world right now, and maybe, just maybe, we will see something of a return to the old ways. Then, all we need is Malcolm Glazer to sell United to a consortium headed by Alex Ferguson, Bobby Charlton, and Denis Law, and we can all sleep soundly in our beds at night. Excellent, eh what, old bean?!?
By Ian Hough on September 7, 2007 3:32 pm