Vivid Seats

Online marketplace for live event tickets

Chicago, Illinois, United States

About Vivid Seats

Vivid Seats operates an online ticket marketplace that connects buyers and sellers of tickets for live events, such as sports games, concerts, and theater performances. The platform allows sellers to list tickets they have already purchased, while buyers can browse these listings to find tickets that suit their preferences. Vivid Seats generates revenue by charging a service fee, which is a percentage of the ticket price, paid by the buyer at the time of purchase. The website and mobile app offer features like searching for tickets by quantity, price, or seat location, and provide electronic transfer options for secure ticket delivery. Vivid Seats stands out from competitors with its user-friendly interface and strong customer support, including guarantees for valid tickets and assistance with issues like event cancellations. The company's goal is to create a reliable and convenient platform for people to access live events.

Chicago, IllinoisHeadquarters
2001Year Founded
$228.3MTotal Funding
IPOCompany Stage
Consumer Software, EntertainmentIndustries
501-1,000Employees

Benefits

Health Insurance
Dental Insurance
Vision Insurance
401(k) Company Match
Unlimited Paid Time Off
Mental Health Support
Company Equity
Performance Bonus
Hybrid Work Options

Risks

Increased competition from platforms like TickPick may erode Vivid Seats' market share.
Potential sale of Vivid Seats could lead to strategic instability.
Consumer trends towards affordability may impact ticket sales and profit margins.

Differentiation

Vivid Seats partners with high-profile brands like ESPN and The Rolling Stones.
The platform offers electronic ticket transfers for secure and convenient transactions.
Vivid Seats provides comprehensive customer support and ticket guarantees for reliability.

Upsides

Younger generations prioritize experiences, boosting demand for Vivid Seats' offerings.
Vivid Seats reported a 20% increase in marketplace gross order value in May 2023.
The partnership with I Am Athlete could expand Vivid Seats' audience reach.

Funding

Total raised$228.25 M
Latest valuation$1.95 B
StageIPO
SPAC PRIVATE PLACEMENT
3/31/2021
$225
$504
$1.95 B
SERIES A
4/30/2014
$5
$26.00 M
ANGEL
2/29/2012
$4
$19.50 M
SEED
12/31/2008
$1
$2.75 M