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New Deal


Announced

Completed

Accel led a $238m Series E funding round in SeatGeek.

Financials

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Transaction Value£202m
Consideration TypeCash
Capital Owned-
Capital Bid For24%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Minority

Private

Completed

Private Equity

Domestic

Single Bidder

Acquisition

E-commerce

ticket platform

United States

Friendly

Synopsis

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Accel, a private equity company, led a $238m Series E funding round in SeatGeek, a mobile-focused ticket platform, with participation from Wellington Management, Ryan Smith and Arctos Sports Partners. “As a tech company purpose-built to reinvent the live entertainment experience, this new capital enables us to deepen our support for our customers because what we all want, and deserve, is to shake up this antiquated industry for the better. The pandemic has fundamentally reshaped the way people think about how they want to spend quality time outside of their homes, and we’re proud to have SeatGeek continue to play an important part in ensuring their live event experiences are memorable and life-changing,” Jack Groetzinger, SeatGeek CEO.

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