GTCR-owned Vivid Seats buys VC-backed Fanxchange for $85 mln
Vivid Seats has acquired Fanxchange, a Toronto-based ticket marketplace, for up to $85 million. Founded in 2009 by Brandon Koffler and Shawn Brookes, Fanxchange provides live event ticketing solutions for loyalty programs, financial institutions, travel and hotel providers, concierge services, e-commerce platforms and other distribution partners. Vivid Seats, a Chicago-based ticket marketplace, said the deal will enhance its portfolio. Fanxchange was backed by Azure Capital Partners and Plaza Ventures, which led its 2016 Series B financing, Gibraltar & Co, which led its 2014 Series A financing, and others. Vivid Seats is majority owned by U.S. private equity firm GTCR. It is also backed by Vista Equity Partners.
11 April 2019•3 mins read
