Eventful Picks Up $10 Million In Third Round Led By Telefonica, Inks Ticketmaster Deal

This story was written by Tameka Kee.
Local events company Eventful has secured $10 million in a third round of funding. Telefonica (NYSE: TEF) Capital, the venture arm of of Spanish telecom Telefonica S.A. led the round, with existing investors Draper Fisher Jurvetson and Bay Partners also participating. The San Diego-based company has raised a total of $19.6 million since its first round in 2005. Release.

Eventful has also inked a deal with Ticketmaster that will allow it to sell tickets alongside its listings, VentureBeat reports. While neither company revealed details about the revenue split, they did acknowledge a forthcoming co-advertising deal that should expose them both to a wider audience.


By Tameka Kee

Popular on CBS News

Comments

Watch CBSN Live

Watch CBS News anytime, anywhere with the new 24/7 digital news network. Stream CBSN live or on demand for FREE on your TV, computer, tablet, or smartphone.

Watch Now

New Android App

For your Android phone and tablet, download the FREE redesigned app, featuring CBSN, live 24/7 news.

Download