Brazil’s Ingresse raises $22 million
Online ticketing challenger Ingresse says it plans to use the R$90m round, which includes investment from Nathan Hubbard’s Rival, for acquisitions and product development
News By | 13 January 2020
Brazilian ticketing platform Ingresse has raised R$90 million (US$21.8m) in a series-C funding round led by Endurance Fund Ltd.
The Cayman Islands-based fund, which invested in Spotify in the months leading up to its public listing, joins new investors including Rival – the new venture by former Ticketmaster CEO Nathan Hubbard – Globo Group, e.Bricks Ventures, RK Partners and Galapagos Capital, alongside existing investors Qualcomm Ventures and Mercado Livre, in the round.
According to Brazil Journal, Ingresse, founded in 2013, aims to “consolidate the ticketing market” in Brazil, following the recent acquisitions of rivals Ingresso Certo, BlackTag and PixelTicket. The new investment will fund both new acquisitions and the development of new products.
According to the International Ticketing Yearbook 2019, Ingresse is one of a…
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