Ticketing aggregator Gametime has announced a further $20m (£15.3m/€17.8m) in investment as it seeks to expand its presence in the last-minute mobile sports ticket market.
The San Francisco-based company, which has now raised approximately $33m, said that returning investors included Casey Wasserman, the chairman of the Los Angeles bid to host the 2024 Olympic Games, and Gametime board chairman Jeff Mallett. New investors include GV (formerly Google Ventures), Evolution Media Partners and the Stanford StartX Fund.
Gametime said that 80 per cent of its sales occur within seven days of an event and half of those occur on the day of the event. It added that 10 per cent of event-day transactions happen after the start time.
It said that it delivered top-line growth of 300 per cent year-over-year from 2014 to 2015 and is projecting to grow more than 250 per cent year-over-year in 2016.
Brad Griffith, founder and chief executive of Gametime, said: “We believe living in the moment makes all the difference. Our last-minute marketplace represents the antidote to the cumbersome buy-months-ahead experience.
“We simply offer a much different experience than buying ahead. Millennials specifically love that they can buy in two taps, especially when they’re mobilising friends just minutes before start time. This funding will help us continue on our steep trajectory as we pioneer the last-minute into the next big category in our industry.”
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