Gametime, the leading platform for last minute game, concert and show tickets announced a $30 million investment.
The round includes Nimble Partners (including Golden State Warriors owner John Burbank), Maven Ventures, Accel, GV, Jeff Mallett (S.F. Giants and Vancouver Whitecaps owner), Bolt Ventures (including David Blitzer, co-managing partner/minority owner of Philadelphia 76ers and NJ Devils), Tenere Capital, Blitzscaling Ventures, Next Play Capital, Alumni Ventures, University Growth Fund, Palapa Ventures and numerous influential individual investors.
Analysts estimate that ticketing revenue for music and sporting events alone could reach $54 billion globally in 2022, a 142% growth from five years ago and a 443% increase over 2020 when the pandemic halted events for almost nine months, dropping industry revenue to $12 billion. (Statista) This signals growing consumer confidence with fans getting out and enjoying in person events at a record pace.
The investment will accelerate product development and expand Gametime’s efforts to reach younger ticket buyers. Additionally, the funding will help Gametime enhance its platform, making it even faster and easier, which is especially valuable at the last minute. The Gametime experience aims to make it increasingly attractive for fans to choose going to live entertainment instead of the couch.
“We’re in a golden age of live entertainment as pent-up demand from the pandemic is fueling record growth for attendance at sporting events, concerts and shows,” says Brad Griffith, CEO of Gametime. “This investment means Gametime can rapidly accelerate our product development and can continue to help teams, leagues and artists rebound from a challenging few years. On the fan side, it’s one of the most important times in history to make it easier for people to connect with friends, families and communities.”
“Gametime makes it extraordinarily fast and easy to connect fans with events,” explains Jeff Mallett, San Francisco Giants principal partner and Vancouver Whitecaps chairman and co-owner. “Team owners see opportunities to expand the market and future proof the industry with Gametime’s younger audience as season ticket holders age. With ticket sales closer to the start of the game or concert skyrocketing in popularity, Gametime has defined the last minute category and is the brand of choice for answering the questions: what’s up tonight?”