Eventbrite Announces Financing with Francisco Partners
Flexible financing will strengthen the company’s liquidity position and reinforce its long-term growth strategy
Eventbrite, a global self-service ticketing and experience technology platform, announced the company has secured financing with Francisco Partners of up to $225 million. The investment will help fund the execution of the company’s long-term growth strategy, strengthen its liquidity position and provide greater flexibility to manage through a range of recovery scenarios and the return to live events.
“The world has changed amidst the COVID-19 global pandemic, and the live experience industry must adapt in response to the new normal”
Eventbrite was founded with the vision of enabling event creators to be successful. This vision comes to life through an intuitive and reliable platform. Creators are empowered with the tools and insights to create and manage events, reach new audiences and sell more tickets for both online and in-person experiences. Eventbrite is a powerful and dynamic platform for bringing people together and serves a community of nearly one million creators who transacted more than 309 million tickets to approximately 4.7 million events last year alone.
“The world has changed amidst the COVID-19 global pandemic, and the live experience industry must adapt in response to the new normal,” said Julia Hartz, Eventbrite CEO and co-founder. “This moment in time is marked by the resilience and ingenuity of the event creators and ticket buyers we serve. Our sole focus is supporting our professional customers, many of whom are small businesses. The flexible financing from Francisco Partners will help us fund our growth strategy and emerge from this crisis as a market leader. Together, we will move through this turbulent time to bring people together for live experiences once again.”