Pittsburgh-based ticketing startup ShowClix recently raised Series A funding from Pittsburgh Equity Partners (PEP), a newly established venture capital firm with a focus on seed and early-stage information technology and life sciences investments in the region.
The amount invested was undisclosed, but as several blogs noted an SEC filing at the time the announcement was first made revealed that the company at the time had brought in $570,000 of an $850,000 round. Co-founder Joshua Dziabiak now says the round ultimately totaled ‘between $750k and $1.5M’. They had earlier raised about $400,000 in seed funding from Innovations Works.
The company says it will use the funds to expand its staff, for sales and marketing efforts, and to extend customer support.
ShowClix provides web-based solutions to event organizers, promoters and venue managers across the U.S., providing performing arts centers, nightclubs, live music venues, non-profit organizations etc. with a way to sell event tickets online, over the telephone or in-person through a point-of-sale/box office system. The startup thus taps into a multi-million dollar market but faces stiff competition from TicketMaster and others.
(Disclosure: I’m a minor investor in Oxynade, which is also into ticketing services yet aimed at European event organizers)