TicketLeap.com, a Philadelphia-based online ticket exchange, has raised $2 million in Series A funding. Backers include MentorTech Ventures and Ben Franklin Technology Partners of Southeastern Pennsylvania.
TicketLeap.com, which allows anyone, anywhere to easily sell tickets online, announces the closing of a $2 million Series A venture capital round. The additional funds will allow the company to implement several recently-signed business development deals, make important new hires, and continue investments in technology and marketing. The investment group was led by MentorTech Ventures, Ben Franklin Technology Partners of Southeastern Pennsylvania, and others.
“For this step, it was critical that we obtain not just funding, but expertise and relationships to help grow this business to the scale we envision,” said Christopher Stanchak, Founder and CEO of TicketLeap. “MentorTech, which backed successful firms such as NEAT Receipts, Yodle, and Diapers.com, is ideal for the national push, and Ben Franklin Technology Partners has simply the best resources in the
“We evaluate companies like TicketLeap every day, and rarely spot this combination of a large underserved market, a strong business plan to meet that need, and the core management and technology in place to properly execute,” said Michael Aronson, Managing Director of MentorTech.
TicketLeap was founded in 2003, when Christopher Stanchak, a former technology manager, spotted an opportunity in ticketing solutions for smaller events and grassroots activities. He built the original TicketLeap application and business from the ground-up, part-time, with the assistance of family, friends, and the Venture Initiation Program at The Wharton School of the
TicketLeap.com is an online event ticketing solution designed for small to medium sized events and organizers. TicketLeap requires no special hardware, software, or contracts, and is free and simple to setup online. Over 2,500 clients from
Ventures MentorTech Ventures invests in information technology, marketing technology, and medical device companies with a focus on those companies with a connection to the
About Ben Franklin Technology Partners of
Celebrating its 25th anniversary, BFTP/SEP is the region's catalyst for Stimulating Entrepreneurial Potential. Ben Franklin invests in innovative enterprises and creates commercialization pathways that generate wealth through science and technology. Part of a statewide network in