New York
– SeatGeek, a provider of price forecasting software for tickets to concerts
and sporting events, has raised between $500,000 and $1 million in a first
round of financing from four investors, TechCrunch reported.
Participating in
the round were Sunil Hirani, Mark Wachen, Arie Abecassis and Allen Levinson. New
York-based SeatGeek monitors pricing on secondary ticket sales sites, and uses a
range of algorithms to help determine the prices it predicts for tickets.
The
service currently lists forecasted ticket prices on some 5,000 events.
The
company launched a redesign of its website that now features available tickets
overlayed on top of seating charts, courtesy of a partnership with SeatQuest.
Related Links:
http://www.techcrunch.com/2010/01/08/seatgeek-series-a-funding
