A first close of $160,000 was initiated by Inside Track Tickets on its fundraising effort started this month. 32% of the $500,000 non-brokered debt offering was placed with four investors. The private placement will remain open for a year while an additional $340,000 is raised by the company. This debt offering is the first time the company taps into the US private placement market.
The company designs and markets ticket portals for premium sporting and entertainment events featuring no service fees and free shipping. The company’s goal is to provide consumers with a safe, secure and easy way to purchase tickets to the world’s top events.
The company, headquartered in Virginia Beach VA, was registered in 2012. Inside Track Tickets elected not to disclose its revenues. The executive team includes Brian Lefton.
Status: First close
Company: Inside Track Tickets
Amount offered: $500,000
Amount placed: $160,000