socialmedian: Eventbrite Gets A $6.4 Million Infusion From Sequoia Capital

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Eventbrite Gets A $6.4 Million Infusion From Sequoia Capital

Source: TechCrunch

Nov 04, 2009

Summary

Popular online event site Eventbrite has raised $6.4 million in funding, according to an SEC filing. The company has confirmed the funding, and says Sequoia Capital is the new investor. Sequoia partner Roelof Botha joins the board of directors. Both Roelof and Sequoia backed Eventbrite CEO Kevin Hartz’s previous startup, Xoom.

This brings the event site’s total funding to over $8 million. Previous big-name investors include Bebo co-founder Michael Birch, Jeff Clavier, YouTube co-founder Jawed Karim, and Flixster co-founder Saran Chari.

Eventbrite provides online event management and ticketing services for any type of event. Eventbrite is free if your event is free. If you sell tickets to your event, Eventbrite collects 2.5% of the ticket price plus $0.99 per ticket sold.

The startup competes in a crowded space, which includes Amiando and TicketLeap. But the startup’s model has proven to be popular for event organizers. In fact, TechCrunch uses Eventbrite for many of our events.

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