VC-backed Eventbrite buys ticketing and event platform Picatic


© 2018 Picatic E-Ticket Inc

Eventbrite has acquired Picatic, a Vancouver-based online ticketing and event registration platform.

No financial terms were disclosed for the deal, which will see Picatic CEO Jayesh Parmar, who helped launch the company in 2008, join Eventbrite. He will also continue to lead the Vancouver team.

Eventbrite, a San Francisco-based ticketing and event technology platform, said the deal adds technical talent to its workforce and broadens its Canadian operations.

Founded in 2006, Eventbrite has raised venture capital funding from DAG Ventures, Sequoia Capital, Tiger Global and others.

Picatic’s investors included BDC CapitalCrossPacific Capital Partners and Extreme Venture Partners.

PRESS RELEASE

Eventbrite Acquires Picatic

Joining forces adds technical talent to Eventbrite’s global workforce and broadens its operations in Canada

San Francisco, CA, Aug. 08, 2018 (GLOBE NEWSWIRE) — Eventbrite, a global ticketing and event technology platform that powers millions of events, has acquired Picatic, a Vancouver-based ticketing and event registration platform that empowers event creators in Canada and around the world.

“Picatic shares our mission of bringing the world together through live experiences and we are particularly inspired by their commitment to empowering purpose-driven creators to drive positive change in their communities,” said Julia Hartz, CEO and co-founder of Eventbrite. “Their passionate team includes some of Vancouver’s most skilled developers, and we’re thrilled to bring even more technical talent to our global workforce through this union.”

Jayesh Parmar, CEO and co-founder of Picatic, who will join Eventbrite and continue to lead the team in Vancouver, said, “Events are deeply rooted in our company’s DNA and we share the same passion for live experiences as the team at Eventbrite. Joining forces brings tremendous value to our loyal customers, who will now benefit from Eventbrite’s powerful platform, robust feature set, and access to an extensive roster of API and distribution partners. We’re excited to share our talented development community and have a broader impact in the Canadian market and beyond.”

Hartz continued, “Eventbrite has a long-standing commitment to Canada, with creators across the country and employees in Toronto, Calgary, and Montreal. Vancouver is emerging as a lively tech hub, full of world-class talent and innovative companies, and we feel a strong connection to it as a technology and cultural center. We look forward to continuing to expand our local team and empowering our creators in this vibrant market.”

About Eventbrite

Eventbrite is a global ticketing and event technology platform. The company, which has processed $10 billion in gross ticket sales since inception, powered millions of events in more than 170 countries in 2017. Eventbrite’s unique and powerful platform enables creators of all shapes and sizes with tools and resources to seamlessly plan, promote, and produce live events around the world. Eventbrite has acquired eight companies, including music ticketing powerhouses, Ticketfly and Ticketscript, to further solidify a fierce commitment to the independent live music scene. Customers include Tribeca Film Festival, Newport Folk and Jazz Festivals, Pitchfork Music Festival, and Wanderlust, in addition to top venues and promoters that include Bowery Ballroom, the Brooklyn Bowl, Merriweather Post Pavilion, and The Troubadour. Eventbrite was founded by Julia Hartz, Kevin Hartz, and Renaud Visage and launched operations in 2006. Investors include Sequoia Capital, Tiger Global and T. Rowe Price. Learn more at www.eventbrite.com.

Amanda Livingood
[email protected]

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