INVESTMENT ANNOUNCEMENT
NextStage Capital Investments In TicketLeap
PHILADELPHIA, PA – July 29, 2009 – NextStage Capital, an early stage venture capital fund focused on investing into technology companies located in the Mid-Atlantic region, announced today that it has invested in its twelfth portfolio company, TicketLeap. NextStage remains active in evaluating new opportunities to add to its expanding portfolio.
Headquartered in Philadelphia, Pennsylvania, TicketLeap’s vision is to “Sell more tickets and make life easier” by providing an integrated online and offline ticketing platform for small to medium-sized events. Since formation in 2003 the company has provided ticketing for over 8,000 organizations.
The TicketLeap platform offers the power of larger-scale solutions, but is right-sized for small to mid-sized events. For example, the TicketLeap Anywhere box office powers onsite ticketing as well as barcode scanning for pre-sold tickets in a single solution and supports general admission and reserved seating events. Since it does not require the costly infrastructure of a large-scale platform, TicketLeap has special appeal for small and medium-sized organizations that want to increase ticket sales while minimizing costs, administration, and IT involvement.
“TicketLeap is making terrific progress carving out a niche in high-value venues that cannot or will not do business with the large ticketing providers,” said Dan McKinney, Managing Partner at NextStage Capital. “They are rapidly becoming the market leader in a number of niches and there are numerous other attractive niches where they can become the dominant player.”
“We are thrilled to have Nexstage as investors in our business. They have a first class team with tremendous experience and valuable know-how,” said Chris Stanchak, TicketLeap founder and CEO. “We are confident that their involvement will be a huge asset as we establish the other institutional and individuals investors participating in this round.”
About NextStage Capital
NextStage Capital, L.P. is an early stage venture capital fund focused on investing in undiscovered software and hardware technology and/or services companies in the Mid-Atlantic region. NextStage Capital’s investment approach is to find entrepreneurs with solid track records who offer a unique and powerful value proposition to customers in growing market sectors. For more information on NextStage Capital, please visit www.nextstagecapital.com.
About TicketLeap
TicketLeap is a full-service ticketing and event management solution used by more than 8,000 venues and event organizers throughout the U.S. TicketLeap requires no special hardware, software, or contracts and is free and simple to setup online. Consumers can use any major credit or debit card to purchase tickets in person, by phone, or online. TicketLeap is ideal for any event organizer who wants to reduce costs, simplify event management and enhance customer convenience. To learn more, visit http://www.ticketleap.com.
