Celebu-vestor Ashton Kutcher is at it again, using his venture capital fund, A Grade Investments, toあpour an undisclosed amount of funding into online ticket-search firmあstartup SeatGeek, the company announced today.
SeatGeek uses algorithms to match the best deal with a customera4ぎa4г specific needs for an event. It lets event-goers peruse thousands of potential pricing and seating options available for concerts and sporting events on the secondary market.
The company said it would use the money to hire more employees (it currently has about a dozen), add more events and venues, and begin a push into the lucrative European market.
The company is on a bit of a roll &8212' on Tuesday it announced it has teamed up with one of the five biggest sporting publications online,あBleacher Report.
The New York-based startup あlanded $550,000 in funding from a group of investors and signed a distribution deal with the Wall Street Journal back in October.
It also partnered with Yahoo Sports as it continues to try to carve out a niche in the crowded ticket comparison and price forecasting sites for sporting and entertainment events.
Its competitors include similar ticketing sites FanSnap and TicketsBuy.
Kutcher is well known for spotting &8212' and funding &8212' the latest &''cool kids&'' in Silicon Valley and has previously invested in companies such as Flipboard, Nowmov, Optimizely, Blekko and Quora.
Kutcher heads up A Grade Investments with Israeli businessman Guy Oseary.
Past funding has come from a consortium of previous backersあPKS Capital,あFounder Collective,あStage One Capital,あTrisiras Group and angel investorsあMark Wachen,あThomas Lehrman, Sunil Hirani, Allen Levinson and Arie Abecassis.
Although the terms of today&'s deal were undisclosed, previous funding brought the start-up a total investment of over $2 million since its founding in 2009.
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Companies: A Grade Investments, bleacherreport.com/, Blekko, FanSnap, Flipboard, Founder Collective, NowMov, optimizely, PKS Capital, quora, SeatGeek, Stage One Capital, TicketsBuy, Trisiras Group, yahoo sports
People: Allen Levinson, Arie Abecassis, Ashton Kutcher, Guy Oseary, Mark Wachen, Sunil Hirani, Thomas Lehrman
Companies: A Grade Investments, bleacherreport.com/, Blekko, FanSnap, Flipboard, Founder Collective, NowMov, optimizely, PKS Capital, quora, SeatGeek, Stage One Capital, TicketsBuy, Trisiras Group, yahoo sports
People: Allen Levinson, Arie Abecassis, Ashton Kutcher, Guy Oseary, Mark Wachen, Sunil Hirani, Thomas Lehrman
Riley McDermid is a contributing reporter to VentureBeat. She was previously the online editor at institutional investing and trading forum Markets Media, which she joined in 2008 from Dow Jones/MarketWatch in New York. Her work has appeared in the The New York Times, the Associated Press, Portfolio Magazine, The Wall Street Journal, and Barrona4ぎa4г. She has won awards from the American Society of Business Publishers and Editors, the Magazine Association of the Southeast, the Mississippi Press Association and the Atlanta Press Club, and was a finalist for the Pacemaker Prize for excellence in news reporting.
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