New investors commit to TiqIQ’s financing, cap was revised upward


Change: offered +80% / raised +195% / placed 98%

tiqIQTiqIQ upped its financing by 80% to $1.8 million following additional commitments. An additional $1.17 million worth of securities was placed by the company with six investors since the company last released data almost a year ago. This brings to $1.77 million the amount raised from the fifteen backers who subscribed to the offering. The subscription is structured to close once the 2% left is fully subscribed or in a couple of months at the latest. Up to now Tiqiq had raised an estimated $1.72 million in unregistered securities via one financing round. The company is backed by Contour Venture Partners and iNovia Capital.

The company is an online event tickets aggregator which makes buying tickets more transparent, efficient and simpler. The company provides ticket buyers with real-time information on the latest price trends and access to the best deals from all sellers for any event. Originally the company was operating as a white label platform for a network of publishers like The Washington Post, New York Post and sports blog network SB Nation. The company decided in 2012 to release a customer facing website destination to compete with rival SeatGeek.

The company, headquartered in New York NY, is led by Jesse Lawrence (CEO). TiqIQ kept its revenues undisclosed.
The executive team includes Chris Matcovich.
The board of directors includes Geoff Judge and Matt Gorin.

The company has raised an estimated total of $3.49 million via private unregistered security offerings. When Random Research had first reported the financing, the company had raised $600,000.

Offering recap
Status: Intermediary close
Company: TiqIQ
Industry: Other
Amount offered: $1.8 million
Amount placed: $1.77 million
First sale: 05-10-2013

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