Ticket marketplace TickPick has secured a $40 million investment from PWP Growth Equity.
Ticket marketplace TickPick has secured a $40 million investment from PWP Growth Equity, marking the 8-year-old company's first-ever institutional funding round., TickPick began as as a secondary marketplace for ticket resellers, but has since expanded into primary ticketing, working directly with the likes of Firefly Music Festival and Riot Fest. that their company is on track to facilitate $200 million worth of transactions in 2019, a 60% increase year-over-year.
While TickPick still makes money from fees, all fees are included in the up-front price, instead of appearing as a surprise at checkout. also reports that TickPick plans to boost its team with hires like a chief financial officer and chief marketing officer, along with building a data team to incorporate artificial intelligence into the platform.
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