Brighton Park Capital and golf enthusiast Rory McIlroy’s financial investment collaboration Symphony Ventures led the brand-new capital round.
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TickPick has actually raised $250 million from Brighton Park Capital and golf enthusiast Rory McIlroy’s financial investment collaboration Symphony Ventures, it was revealed Thursday (Aug. 22).
TickPick was established in 2011 by co-CEOs Brett Goldberg and Chris O’Brien as an independent ticketing market. Considering that introducing, TickPick has actually been downloaded 14 million times and negotiated more than $1 billion in sales, according to a news release.
“We’re enjoyed reveal our most current development financial investment, which will assist accelerate our capability to change the ticketing market,” stated O’Brien in a declaration. “We established TickPick with the steadfast dedication to provide a transparent and problem-free ticket-buying experience for customers. This financial investment will permit us to deepen this dedication by speeding up the speed of item development, raise our brand name awareness, and reach more clients than ever in the past.”
Goldberg included, “We have actually constructed a relationship with Brighton Park over several years and the company is our clear partner of option provided its strong performance history of partnering with founder-led business and market platforms, which our company believe will assist us continue to scale business and drive an enduring effect.”
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Kevin Magan, partner at Brighton Park Capital, included, “TickPick has actually shown remarkable development by using a strong worth proposal that both boosts the consumer experience and eliminates among the most significant discomfort points for customers with its no-fee design. TickPick’s current development and collaborations with a few of the biggest sports leagues and groups worldwide is a testimony to their appeal amongst a broad consumer base, and we’re thrilled to partner with Brett, Chris and the exceptionally skilled TickPick group as they continue to interrupt the ticketing market.”
As part of the deal, personal equity company GreyLion will leave its position in TickPick following its 2019 financial investment in the business.
Wells Fargo acted as monetary consultant and Kirkland Ellis acted as legal counsel to TickPick and GreyLion. Paul, Weiss, Rifkind, Wharton & & Garrison LLP worked as legal counsel to Brighton Park.
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