Eventbrite Pushes Off IPO With More Funding at $1 Billion Valuation

As Fortune reported this morning, the ticketing site Eventbrite has raised $60 million at a $1 billion valuation from Tiger Global and T. Rowe Price, which invested the same amount about a year ago. Eventbrite, which just overhauled its platform to introduce reserved seating, said in a statement that it “chose to accept the funding” when it was offered because it was the responsible thing to do.

This article originally appeared on Recode.net.

Will you support Vox’s explanatory journalism?

Millions turn to Vox to educate themselves, their family, and their friends about what’s happening in the world around them, and to learn about things that spark their curiosity. Financial contributions from our readers are a critical part of supporting our resource-intensive work and help us keep our journalism free for all. Please consider making a one-time contribution to Vox today.

One-Time Monthly Annual

$95/year

$120/year

$250/year

Other

$

Yes, I'll give $120/year

Yes, I'll give $120/year

We accept credit card, Apple Pay, and Google Pay. You can also contribute via