Resale marketplace FanXchange, which also offers a B2B white-label service, has secured $5m in new funding from two venture-capital firms
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The venue-management software developer has raised US$15m in series-B financing as it looks to expand its operations beyond the United States
By IQ on 12 Oct 2016
VenueNext, a New York-based developer of venue management technology, has raised US$15 million in funding from a group of investors led by Causeway Media Partners.
The series-B funding will, says the company, be put towards expanding into “new verticals” such as hospitality and healthcare and taking its brand overseas, including for the first time to Europe.
“VenueNext has enjoyed tremendous success in the past year, forging a strong lead on delivering meaningful return on investment to our customers in sports and entertainment,”says John Paul, VenueNext’s founder and CEO, “with deployments at some of the largest and most iconic venues and events across the country, including Super Bowl 50 at Levi’s Stadium [in Santa Clara, California] and the Kentucky Derby at Churchill Downs [in Louisville, Kentucky]”.
“With this latest infusion of capital, we will continue to innovate our platform and … and grow beyond the United States”
“With this latest infusion of capital, we will continue to innovate our platform and expand into other vertical markets and grow beyond the United States.”
VenueNext’s platform creates “personalised mobile experiences” that give eventgoers the ability to use their phone for entry, order food, drinks and merchandise to their seat and more. It also provides data to venue owners.
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