US-based online ticket marketplace ScoreBig has raised $18m in a series D round led by Hearst Ventures, the corporate venturing arm of media company Hearst.
The ScoreBig website allows customers to name their price and bid on unsold tickets for sporting events, concert and theatre tickets.The capital will be used to grow its mobile and online products, increase marketing, and to establish strategic partnerships.
The round also featured undisclosed new and existing investors. ScoreBig, which was founded in 2009, has now raised $50.5m in funding, including $10m in a September 2013 series C round from backers including Checketts Partners Investment Fund.
Other past investors include venture capital firm U.S Venture Partners and Bain Capital Ventures, private equity firm Bain Capital’s VC unit.